[I'm curious about your thoughts on the Iraq politicians taking a 50% reduction in pay. Since politicians rarely take a pay cut, I'm thinking this is a very positive sign. Is this just an attempt to balance the budget?]
I am hoping this is a move designed to accommodate a significant change in the value of the rate, because you are 100% right - politicians don't just agree to something like this for no reason!
[The significant drop in crude pricing will certainly affect the 2015 budget and the potential RV. Could an upward valuation of the Dinar overcome the lower pricing and put Iraq on a good monetary footing?]
Yes, and it's also important to note that this drop in price on crude isn't a permanent thing.