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  MP: June will mark the end of dollar smuggling in Iraq link to My FX Buddies Blog Shingal said in a statement monitored by (IQ): "Our transfers are currently considered dollar smuggling, but the situation is now better. I believe that in June, regular correspondence will be adopted, which will significantly reduce smuggling, and may even lead to its near disappearance."  He noted that...

Erbil and Washington agree on the need to resume the region's oil exports. link to My FX Buddies Blog If you 'd like to support My FX Buddies:⁠⁠ https://buymeacoffee.com/tishwash Get a free transcript at https://rss.com/podcasts/myfxbuddies/ Kurdistan Regional Government Prime Minister Masrour Barzani discussed the latest developments in the region in a phone call with US Secretary of Stat...

Vice President of the American Chamber of Commerce: The Treasury Department will play a role in developing the Iraqi economy. link to My FX Buddies Blog If you 'd like to support My FX Buddies: ⁠⁠ https://buymeacoffee.com/tishwash⁠ Get a free transcript at https://rss.com/podcasts/myfxbuddies/ The Vice President of the U.S. Chamber of Commerce, Steve Lutes, confirmed on Wednesday that the Trea...

Private banks continue to monopolize foreign remittances, without providing any tangible banking services! This is a NotebookLm AI generated podcast See the entire article that is the basis for the podcast at : https://www.myfxbuddies.com/2025/04/the-treasury-department-will-play-role.html Many economic experts believe that foreign and local banks with foreign management, such as the Jordanian-run...

Economist: The dollar in Iraq will not be affected by any international changes link to My FX Buddies Blog If you 'd like to support My FX Buddies: ⁠ https://www.paypal.com/paypalme/tishwash Get a free transcript at https://rss.com/podcasts/myfxbuddies/ Economic expert Duraid Al Anzi confirmed that the stability of the dollar exchange rate in Iraq and the slight downward trend are due to local...

Iraqi PM Launches Ambitious Banking Sector Reform link to My FX Buddies Blog If you 'd like to support My FX Buddies: ⁠⁠ https://buymeacoffee.com/tishwash⁠ Get a free transcript at https://rss.com/podcasts/myfxbuddies/ Prime Minister Mohammed Shia' Al-Sudani addressed the   Conference on Reforming the Iraqi Banking Sector  on Monday, outlining an ambitious agenda to modernise Iraq's fi...

Al-Sudani's advisor talks about a "new chapter" with Washington and the agenda of a US delegation in Iraq soon. link to My FX Buddies Blog If you 'd like to support My FX Buddies: https://www.paypal.com/paypalme/tishwash Get a free transcript at https://rss.com/podcasts/myfxbuddies/ Farhad Alaaldin, the Iraqi Prime Minister's advisor for foreign affairs, spoke about a "n...

The Impact of New US Policies on the National Economy link to My FX Buddies Blog If you 'd like to support My FX Buddies:⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠ Get a free transcrip t:⁠https://rss.com/podcasts/myfxbuddies/ Most countries around the world have been affected by these repercussions, which have had a profound impact on the Iraqi economy. What concerns us is the results of these repercus...

Iraq is recovering... an important message from Grand Ayatollah Sistani to the Iraqi people link to My FX Buddies Blog If you 'd like to support My FX Buddies:⁠⁠ ⁠ https://cash.app/$tishwash Get a free transcript: https://rss.com/podcasts/myfxbuddies/⁠ In a message conveyed by one of his representatives and monitored by the Video News Agency, Ayatollah Sistani said, "The country is moving...

Iraq Central Bank: We will launch a major initiative to finance industrial projects link to My FX Buddies If you 'd like to support My FX Buddies:⁠ https://www.paypal.com/paypalme/tishwash He added, "This initiative was recently proposed by the Cabinet as part of the government's banking sector reform program and government measures with the Central Bank," noting that "the C...

Iraq prepares to receive a delegation representing 50 American companies. link to My FX Buddies Blog If you 'd like to support My FX Buddies:⁠https://cash.app/$tishwash he Iraqi Embassy in the United States announced on Saturday arrangements to receive a delegation representing 50 American companies specializing in energy, healthcare, education, and other sectors. A statement published by the...

Rafidain Bank begins distributing April salaries to retirees link to My FX Buddies Blog If you 'd like to support My FX Buddies:⁠ ⁠ https://cash.app/$tishwash The month of April. The bank said in a statement monitored by Al-Masry, "Rafidain Bank announces the commencement of distributing the salaries of civilian and military retirees for the month of April through electronic payment metho...

Iraqi PM: Restrictions are useful, and I asked the Americans about their silence on the dollar chaos before me! link to My FX Buddies Blog If you 'd like to support My FX Buddies:⁠ ⁠ https://cash.app/$tishwash After assuming the premiership, I faced the issue of the agreements between the previous government, the Treasury, and the US Federal Reserve, which were two years old at the time, regar...

Al-Nusairi: 2025 indicators: a strong economy, a recovering dinar, and developing banks. link to My FX Buddies Blog If you 'd like to support My FX Buddies:⁠⁠https://cash.app/$tishwashAl-Nusairi said in an interview with Al-Eqtisad News that the local currency issued amounted to approximately 100 trillion dinars, and our dinar is recovering and gradually returning towards an exchange rate agai...

Al-Sudani: Iraq is witnessing a state of recovery, growth, progress, and prosperity. link to My FX Buddies If you 'd like to support My FX Buddies:⁠ https://cash.app/$tishwash Prime Minister Mohammed Shia al-Sudani affirmed on Tuesday that Iraq is witnessing a clear state of recovery, growth, progress, and prosperity, and that we are working to advance this process. He emphasized that establis...

Economic collapse vs. constitutional rights: Iraq's oil revenue dilemma link to My FX Buddies Blog If you 'd like to support My FX Buddies:⁠ https://buymeacoffee.com/tishwash⁠ A growing demand for direct pay-outs from Iraq’s oil revenues has sparked lawsuits and warnings from economists, with one expert cautioning that such a move could push the country to the brink of bankruptcy within a...

Distributing oil revenues to Iraqis: "Economic collapse inevitable within two years" link to My FX Buddies Blog to this unbelievable article in full! If you 'd like to support My FX Buddies:⁠https://buymeacoffee.com/tishwash⁠ or https://cash.app/$tishwash Controversy is escalating in Ir aq over lawsuits filed by citizens demanding their share of oil revenues.  An expert has warned of...

Iraq’s Al-Rafidain bank: New AML system deployed link to My FX Buddies blog If you 'd like to support My FX Buddies:⁠ https://buymeacoffee.com/tishwash “This reflects our commitment to global AML and counter-terrorism financing standards,” the bank stated, noting the move aims to strengthen trust in Iraq’s banking sector. The platform enables real-time surveillance of financial activity, centr...

Rafidain Bank deploys five ATMs in Baghdad that provide 24/7, commission-free services. link to My FX Buddies Blog To facilitate withdrawal and deposit operations If you 'd like to support My FX Buddies: https://buymeacoffee.com/tishwash Rafidain Bank announced on Friday, as part of its financial inclusion initiative, the deployment of automated teller machines (ATMs) at several stations in Ba...

Oil exports from Kurdistan Region set to resume next week, confirms Iraqi parliament official link to My FX Buddies Blog If you 'd like to support My FX Buddies:⁠ https://cash.app/$tishwash Speaking at a press conference, Halbousi highlighted the progress made in recent discussions, emphasizing that key amendments to the budget law and agreements on export routes through the port of Ceyhan are...

Iraq confronts economic crises with the "digital dinar." The parallel market is threatened with "extinction." link to My FX Buddies Blog The digital dinar is a digital currency issued by the central bank, officially part of a country's monetary system. It is similar in value to the traditional dinar, but is traded electronically via digital wallets or approved financial app...

To reduce speculation, a Sudanese advisor reveals a new monetary strategy. link to My FX Buddies Blog If you 'd like to support My FX Buddies: https://cash.app/$tishwash Saleh emphasized that "these steps coincide with enhancing the freedom of the foreign exchange process, with a high commitment to transparency and money governance in line with international standards." He pointed ou...

Economist: Markets will face a recession during Eid due to weak purchasing power link to My FX Buddies Blog Economic expert Salah Nouri predicted that market activity would be limited as Eid al-Fitr approaches, explaining that this is linked to the scale of citizen demand, which directly depends on purchasing power. Nouri explained in an interview with Al Furat News Agency that "most citizens...

IMF Discusses Strengthening Iraqi Dinar link to My FX Buddies Blog Key discussions included: Non-oil GDP growth of 5% in 2024, driven by agriculture expansion and increased public spending, with 3.5% growth expected in 2025. Reduced dependence on oil revenues, improving economic diversification and stability. Review of actual 2024 expenditures and 2025 revenue forecasts, alongside strategies for d...

Ramadan revives the Iraqi dinar and official expectations of a continued decline in the dollar link to My FX Buddies Blog If you 'd like to support My FX Buddies : ⁠ https://buymeacoffee.com/tishwash The decline is due to several factors, most notably the strict measures taken by the Central Bank of Iraq to control imports and electronic money transfers, in addition to the decline in economic...