My FX Buddies

Where are the $3 billion Iraq was expecting?https://www.myfxbuddies.com/2026/10/is-3-billion-new-carrot-iraq-is-still.htmlA new report from Al-Mada has put another major question on Iraq's dollar market. Parliamentary Finance Committee member Jamal Kojar says the Iraqi government was expecting $3 billion in Iraqi funds held in the United States to be released in one lump sum. But Kojar says he...

A major accusation is coming from Baghdad.https://www.myfxbuddies.com/2026/10/al-jalabi-washington-dominates-key.htmlZuhair al-Jalabi, a member of Iraq's Coordination Framework, says the United States continues to exert significant influence over Iraq's political, economic and security decisions. According to the statement reported by Al-Maalomah, al-Jalabi argues that U.S. influence has e...

A new Iraqi government policy is putting the Iraqi dinar back at the center of domestic commerce. https://www.myfxbuddies.com/2026/10/use-iraqi-dinar-baghdad-launches-new.htmlMazhar Muhammad Saleh, an adviser to Prime Minister Ali al-Zaidi, says there is a government direction to adopt the Iraqi dinar for transactions within Iraq, in accordance with the country's existing legal framework. The...

The dollar is rising wildly in Iraqi stock markets.https://www.myfxbuddies.com/2026/10/the-central-bank-changes-dollar.htmlThe government raised the exchange rate of the dollar against the dinar. The exchange rate of the dollar against the dinar has skyrocketed. The government said the decision came after an emergency presentation from the finance minister and the central bank governor. The exchan...

Iraq has issued a new clarification about the possibility of removing zeros from the Iraqi dinar-and the wording matters. https://www.myfxbuddies.com/2026/10/iraq-finally-clarifies-zero-removal.html A government source says that discussing or studying a proposal to remove zeros does not mean it has been approved or that implementation has begun. The issue remains in an initial discussion and evalu...

The U.S.-Iraq relationship is entering a major transition.https://www.myfxbuddies.com/2026/09/from-bases-to-companies-iraqs-new.htmlThe U.S.-led international coalition's military mission in Iraq is scheduled to conclude at the end of September 2026, marking the end of a major chapter in the two countries' relationship. Iraqi officials have described September 30 as the fixed deadline for...

MORE U.S. CASH DOLLARS ARE COMING TO IRAQ. https://www.myfxbuddies.com/2026/09/us-dollars-headed-to-iraq-again-why.html Iraq's government says a new shipment of U.S. dollar banknotes will arrive in the country in the coming days following understandings reached between Prime Minister Ali Faleh al-Zaidi's government and the United States. Government spokesman Haider al-Aboudi said the conti...

Iraq's 2027 budget is moving toward Parliament — and the exchange rate is now part of the discussion. 🇮🇶💵 My FX Buddies Blog Iraq's Parliamentary Finance Committee is preparing for the expected arrival of the 2027 federal budget draft on October 15, according to committee members and other Iraqi reporting. One of the major numbers being discussed is a potential budget deficit of approxima...

Could Iraq eventually move away from paper currency altogether?https://www.myfxbuddies.com/2026/09/iraqs-radical-dinar-proposal-abolish.htmlA new proposal from Iraqi economic expert Safwan Qusay is putting an extraordinary idea into the currency and banking debate: instead of removing zeros or simply issuing larger denominations, Iraq could move toward electronic payment cards and eventually elimi...

Could changes to Iraq’s relationship with the US Federal Reserve put pressure on the Iraqi dinar? https://www.myfxbuddies.com/2026/09/big-warning-for-iraq-could-losing-us.htmlNew warnings from Iraqi economic experts are raising important questions about what could happen if Iraq were to move away from the current US financial protection surrounding its oil revenues and reserves. The experts quoted...

Could Iraq eventually see the return of smaller currency denominations—including 50 and 100 dinar notes? https://www.myfxbuddies.com/2026/09/new-50-100-dinar-notes-heres-what-iraqs.htmlAn Iraqi economic expert has suggested that if Iraq moves forward with changing its currency, the Central Bank of Iraq could potentially introduce new banknotes with stronger security features and denominations smal...

Is Iraq slowing down the plan to remove three zeros from the Iraqi dinar? https://www.myfxbuddies.com/2026/09/iraqs-3-zero-plan-hit-brakes-parliament.htmlAfter a series of recent reports discussing new Iraqi currency, redesigned banknotes, and possible legislation to remove zeros, a member of Iraq's Parliamentary Finance Committee is now emphasizing that the process cannot move forward quickly...

Iraq has launched the fourth edition of Banking Ready 2026, a free banking training program https://www.myfxbuddies.com/2026/09/banking-ready-2026-what-is-iraq.htmldesigned to help young Iraqis develop professional skills and prepare for careers in the banking sector. The program is fully funded by the National Bank of Iraq and is being offered in cooperation with the Center of Excellence for Inno...

Is 2027 really the year Iraq will begin removing the three zeros from the Iraqi dinar?https://www.myfxbuddies.com/2026/08/when-will-iraq-remove-3-zeros-new-update.htmlA new statement from Iraqi MP Murtadha Afween provides an important update on the long-discussed currency reform project. Afween says the removal of zeros has not yet reached the implementation phase and cautions that removing zeros...

Iraq's Central Bank is tightening its oversight of politically exposed https://www.myfxbuddies.com/2026/08/cbi-crackdown-iraq-tightens-controls-on.htmlpersons, their relatives, close associates, and companies connected to them. According to documents obtained by Al-Ahd News, the Central Bank of Iraq has issued new instructions requiring banks and licensed non-bank financial institutions to str...

Could Iraq's economy become collateral damage in Washington's escalating pressure on Tehran?https://www.myfxbuddies.com/2026/08/iraq-caught-in-middle-us-sanctions.htmlA new warning surrounding US sanctions against Iran is raising concerns in Baghdad, where Iraq maintains deep commercial, financial and energy ties with its neighbor. The situation could put Iraq in a difficult position. The...

Iraq's three-zero currency story just became even more complicated.https://www.myfxbuddies.com/2026/08/us-pressure-to-remove-3-zeros.htmlFour reports emerging today are putting new attention on Iraq's long-discussed plan to remove three zeros from the Iraqi dinar — but the reports don't all tell exactly the same story. One report claims that US pressure is being applied to Baghdad to a...

Are Iraq’s government banks pulling back from lending?🏦https://www.myfxbuddies.com/2026/08/iraqs-banks-stop-lending-whats-really.htmlA new report says that most government banks in Iraq have ceased or significantly reduced their credit activity, with some reportedly lacking clear credit plans for the current year. According to the source, this decline has affected a range of lending programs, inc...

Iraq’s 2027 budget is reportedly being prepared using an exchange rate https://www.myfxbuddies.com/2026/08/1320-again-iraqs-2027-budget-dinar-dont.htmlof 1,320 Iraqi dinars to the U.S. dollar — but should dinar watchers panic? Not so fast. 🇮🇶💰New information indicates that the Iraqi government is moving forward with the 2027 budget draft based on the current 1320 dinar exchange rate, with no curr...

Is JPMorgan taking a larger role in Iraq's financial system—and could https://www.myfxbuddies.com/2026/08/iraqs-treasury-is-running-out-of-time.htmlthat change how Iraqi money and foreign trade move through the banking system? A new warning from political researcher Hussein Al-Shalakh is raising questions about the expanding role of JPMorgan Chase in Iraq's financial transactions, includin...

Iraq’s Central Bank is discussing the possibility of removing zeros from the Iraqi dinar — but this is NOT yet a final decision. https://www.myfxbuddies.com/2026/08/iraqs-central-bank-finally-speaks.html link to My FX Buddies BlogA new report from Al-Mustaqilla says the issue of removing zeros and modernizing Iraq’s currency and monetary system is currently being discussed within the Central Bank...

Is Iraq preparing to remove three zeros from the Iraqi dinar — or is the market getting ahead of an official decision? https://www.myfxbuddies.com/2026/08/3... The Central Bank of Iraq remains silent as conflicting statements continue to circulate about changing the Iraqi currency and removing three zeros. Communications Minister Mustafa Sand reportedly stated that a decision to change the currenc...

Did Iraq's Communications Minister just reveal something important about the future of the Iraqi dinar? https://www.myfxbuddies.com/2026/08/iraqs-dinar-reset-minister-just-gave-us.htmlA new statement circulating from Iraqi Communications Minister Mustafa Sanad has drawn attention to the possibility of currency reform, changing the Iraqi currency, and potentially removing zeros from the Iraqi d...

Iraq has officially begun preparing its 2027 federal budget, https://www.myfxbuddies.com/2026/08/iraqs-2027-budget-is-coming-and-it.html and this year's budget process could be especially important for the country's financial stability, oil revenues, government spending and the Iraqi dinar .The Ministry of Finance has started preparing the 2027 Iraq budget, while the Parliamentary Finance...

Iraq is reopening the file on public money—and some of the proposals My FX Buddies could have major implications for the country's financial and monetary system. New proposals being discussed include tighter controls on government privileges, double salaries, financial disclosures, illicit enrichment, money laundering, recovery of smuggled funds, and bringing money circulating outside the form...