My FX Buddies

Iraq’s banking system is undergoing its biggest shake-up in decades. link to My FX Buddies Under the leadership of the Central Bank of Iraq (CBI) and in partnership with global firm Oliver Wyman, a sweeping reform plan is rolling out that will force banks to either reform, merge, or liquidate by 2028. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠... ⁠⁠⁠⁠...

Iran is dropping four zeros from its currency — but is this a real solution or just a political smokescreen? link to My FX Buddies Blog As Tehran tries to rebrand its currency in the face of runaway inflation, experts are questioning whether this is reform or just another way to avoid deeper economic changes. 📉 In this episode, we break down what "removing zeros" really means, why it&#3...

No blog link for this video but if you are new to my channel I do post dinar updates, and dinar news from Iraq on https://www.myfxbuddies.com/2025/08/c... Just a short video to note some what I would call unusual movements maybe something is going on maybe notThanks for the thumbs up on your way out. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.. . ⁠⁠⁠⁠⁠⁠...

🇮🇶 How can a country that spent over $1.4 trillion still suffer from water shortages, daily blackouts, and broken infrastructure? link to My FX Buddies Blog This video breaks down the shocking truth behind Iraq’s federal budgets from 2006 to 2024—revealing how mismanagement, corruption, and inefficiencies have left the nation in crisis despite historic oil revenues. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠...

🔥Iraq’s financial system is in crisis — not because of war or oil shortages, but because 92% of the nation’s cash never touches a bank . link to My FX Buddies Blog In this episode, we break down why distrust, outdated systems, and digital delays are stalling crucial banking reforms. From rural fear to contractor frustration, Iraq’s economy is stuck in a cash culture that’s draining liquidity, cho...

🎧 Iraq’s 2025 Budget in Limbo — Is 2026 Already on the Table? link to My FX Buddies Blog The Iraqi Parliament is raising serious concerns about the government's failure to submit the 2025 budget —calling it a legal violation and urging immediate preparations for 2026 . Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠... ⁠⁠⁠⁠⁠⁠⁠⁠ https://paypal.me/tishwash⁠...

The Iraqi dinar is gaining strength — but economic activity is slowing down. link to My FX Buddies Blog This paradox is creating confusion and holding back consumption across markets. In this video/podcast, we explore: Why the dinar’s rise isn’t translating into economic momentum How consumer behavior has shifted from need toward speculation The impact of shrinking government spending and policy d...

Iran Approves Bold Currency Reform! In a move that has caught the attention of regional economists, the Iranian Parliament has approved a bill to remove four zeros from the national currency . According to officials, this is part of a broader monetary reform effort to restore confidence, reduce inflationary pressure, and simplify transactions. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https:/...

Iraq’s currency is gaining strength — and the reason might surprise you. According to the Prime Minister’s financial link to My FX Buddies Blog advisor, digital payments and e-banking are helping bring down the dollar rate on the parallel market. In this episode, we unpack the real drivers behind the dinar’s recent rise , including the expansion of electronic transactions, improved international c...

Halabja Governor Nokhasha Naseh met with Nabil Al-Najjar, representative of the Central Bank of Iraq, link to My FX Buddies Blog and his accompanying delegation at the governorate's headquarters. According to a statement issued by the governorate's media on Monday, July 28, 2025, the meeting discussed mechanisms for launching the financial circular initiative by the Central Bank and openin...

Follow along on the blog click here The U.S. dollar has been falling in Iraq’s parallel market. Economic expert Manar Al-Obaidi has outlined 10 reasons contributing to the Iraqi dinar’s strength. These reasons are a mix of economic shifts, regulatory enforcement, and circumstantial events like elections. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠ ⁠⁠⁠⁠⁠⁠h...

The Iraqi government is pressing forward with real economic reform — and the dinar is showing signs of strength . link to My FX Buddies Blog Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠ ⁠⁠⁠⁠⁠⁠https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠a free transcript at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://rss.com/podcasts/myfxbuddies/...⁠.In this episode, we break down how Iraq's g...

Employees and salary recipients in Erbil, the capital of the Kurdistan Region, link to My FX Buddies Blog flocked to banks and ATMs on Saturday to collect their long-delayed wages, ending an 85-day wait caused by a protracted financial dispute between Baghdad and Erbil. “Even though we received our salaries today and there’s talk of resolving financial  disputes , people are still deeply worried,”...

Rafidain Bank directed its branches in Baghdad and the governorates on Friday link to My FX Buddies Blog to facilitate bank account opening procedures and eliminate any unnecessary requirements that might hinder the provision of this vital service to citizens . Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠ ⁠⁠⁠⁠⁠https://paypal.me/tishwash⁠⁠⁠⁠⁠a free transcrip...

In a move that impacts millions of Iraqi workers, the Central Bank of Iraq has set new caps on ATM and POS (Point of Sale) link to My FX Buddies Blog withdrawal fees for salary disbursements — no more than 6 dinars per 1,000 dinars. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠ ⁠⁠⁠⁠⁠https://paypal.me/tishwash⁠⁠⁠⁠⁠a free transcript at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠h...

Iraq is moving to eliminate the gap between the official and parallel market exchange rates of the US dollar, link to My FX Buddies Blog Economic Advisor to the Prime Minister, Mudher Muhammad Saleh, revealed on Tuesday. The official rate set by the Central Bank of Iraq (CBI) is 132,000 dinars per $100, while the parallel market rate has hovered near 139,000 dinars in recent days—a difference the...

The Iraqi Dinar is inching closer to the official exchange rate — but is it real reform or just a temporary fix ? link to My FX Buddies Blog In this episode, we dive into a bold new government strategy that’s narrowing the gap between the official rate (1320IQD) and the parallel market (now hovering around 1390 IQD). Financial advisor to the Prime Minister, Mazhar Mohammed Saleh, has outlined five...

For the first time in over a year, the dollar exchange closed at 138,800 in Iraq link to My FX Buddies Blog The exchange rate of the dollar against the dinar recorded  a significant decline in Iraq on Monday evening (July 21, 2025). The exchange rate closed at 138,800 dinars per 100 dollars this evening. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠... ⁠⁠⁠⁠ http...

Digital banks in Iraq: the birth of a new financial era link to My FX Buddies Blog Iraq is stepping into the future of finance. In a landmark move, the Central Bank of Iraq has launched a bold initiative to license and regulate digital banks — a major step toward financial inclusion, cashless transactions, and global fintech alignment. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://cash.app/$t...

IMF: Iraq has succeeded in maintaining its internal stability. link to My FX Buddies Blog The International Monetary Fund (IMF) confirmed on Saturday that Iraq has succeeded in maintaining its internal stability despite regional tensions, while indicating that the inflation rate in Iraq has remained low. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠... ⁠⁠⁠ https:...

Baghdad extends its hand, and Kurdistan salaries are knocking at the door at the beginning of the week - Urgent link   to My FX Buddies Blog Yesterday, 17:45    so 07/18/25  An informed source revealed, today, Friday (July 18, 2025),  the date for sending the salaries of Kurdistan Region employees and their funding by the federal government. The source told Baghdad Today, "The Kurdistan Regio...

The Iraqi Council of Ministers approved the memorandum of understanding link to My FX Buddies Blog signed between Erbil and Baghdad regarding the salaries of employees in the Kurdistan Region. Al-Jabal's correspondent in Baghdad reported on Thursday that the Iraqi Council of Ministers approved the memorandum of understanding signed with the Kurdistan Regional Government regarding employee salaries...

IMF Explains Iraq's Exchange Rate Arrangement link to My FX Buddies Blog "Effective February 8, 2023, the official exchange rate was set at ID 1,320 according to the closing prices of the daily bulletin of gold & main currencies published on the CBI website (www.cbi.iq). Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠ ⁠https://paypal.me/tishwash⁠a fre...

On Tuesday, the exchange rates of the US dollar against the Iraqi dinar edged lower in Baghdad and Erbil markets. link to My FX Buddies Blog According to Shafaq News Agency's survey, the dollar's rates held firm with the closure оf the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad, settling at 140,700 dinars for every 100 dollars, compared to 140,900 in the morning. In excha...

Iraq is taking major steps toward a new economic future — and it all starts with bold banking reforms! link to My FX Buddies Blog Prime Minister's Advisor Mazhar Mohammed Saleh confirmed that Iraq's government is sticking to its ambitious reform plan, closely aligned with recommendations from the International Monetary Fund. The goal? To transform Iraq’s oil-dependent, rentier economy into a diver...