My FX Buddies

Mechanism for publishing data on buying and selling foreign currencies link to My FX Buddies Blog If you 'd like to support My FX Buddies : ⁠ https://buymeacoffee.com/tishwash⁠ The Central Bank of Iraq explains the mechanism for publishing data on the sale and purchase of foreign currencies from the daily bulletin to the monthly report, which will include: - Total enhancement of bank balances...

Digital Currency in Iraq: Crisis of Confidence.. The Biggest Obstacle link to My FX Buddies Blog If you 'd like to support My FX Buddies : ⁠ https://buymeacoffee.com/tishwash⁠ In a very distinctive step aimed at modernizing the financial system, Baghdad is exploring the possibility of issuing a national digital currency, in an effort to reduce reliance on paper money and enhance financial incl...

Al-Alaq: We will witness a comprehensive digital transformation in the financial sector link to My FX Buddies BLog If you 'd like to support My FX Buddies : ⁠ https://buymeacoffee.com/tishwash⁠ He added that "this great work is accompanied by the work of the Central Bank, like other central banks, in thinking about having a digital currency under the supervision of the Central Bank. We ar...

‘Nothing achieved’ in Baghdad meeting over Kurdistan oil exports: Source link to My FX Buddies Blog If you 'd like to support My FX Buddies: https://buymeacoffee.com/tishwash The meeting in Baghdad between Iraqi and Kurdish officials as well as international oil companies has concluded without reaching any deals despite US pressure, a meeting participant told Rudaw English. “Nothing [was] achi...

Al-Alaq: 20 Iraqi banks practice direct transfer operations link to My FX Buddies Blog The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, that there are 20 Iraqi banks practicing  direct transfer operations in 8 foreign currenci es. If you'd like to support My FX Buddies https://buymeacoffee.com/tishwash Al-Alaq said, according to the official agency, that "the recen...

Mazhar Saleh: Geopolitical controls push towards shifting to official channels for currency trading link to My FX Buddies Blog If you'd like to support My FX Buddies : ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.paypal.com/paypalme/tishwashMazhar Muhammad Salih, the financial advisor to the Prime Minister, confirmed that the geopolitical controls imposed on informal trade contribute to expanding dealings with off...

Iraqi dinar hits nine-month high against US dollar link to My FX Buddies Blog If you'd like to support My FX Buddies : ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.paypal.com/paypalme/tishwash On Sunday, the US Dollar was trading at 147,750 dinars, but it has since appreciated to 145,950 dinars, signaling a positive shift in the national currency's value. This signifi cant improvement is largely attributed to...

'IOCs Demand Written Agreements, Payment Surety', APIKUR Spokesperson link to My FX Buddies Blog Speaking exclusively to Kurdistan24, Caggins laid out APIKUR’s conditions, stressing that without clear, binding agreements, international oil companies will not proceed with production and exports. Caggins illustrated the issue with a simple analogy: “I was at a restaurant in Zakho a couple of...

Analysis detailing the reasons for the fluctuations in the exchange rate of the Iraqi dinar against the dollar over 21 years link to My FX Buddies Blog If you'd like to support My FX Buddies: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.paypal.com/paypalme/tishwash This came according to an analysis issued by the institution, in which it explained these fluctuations from 2005 until 2024. The institution stated in...

The future begins now with the transition to comprehensive digital transformation link to My FX Buddies Blog If you'd like to support My FX Buddies: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.paypal.com/paypalme/tishwash During the past two years, cooperation between the Central Bank and the government, with the personal support and follow-up of the Prime Minister and the chairmanship of the Digital Transformati...

Final warning and "immediate implementation".. Washington draws red lines for Baghdad: No more leniency ⁠link to My FX Buddies Blog ⁠ If you'd like to support My FX Buddies: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.paypal.com/paypalme/tishwashBetween Pressure and Balance: Iraq's Difficult ChoicesIn light of these developments, Iraq finds itself facing a difficult equation: fully adhering to Americ...

Central Bank: Achieved international integration by linking the Iraqi electronic payment system to global networks link to My FX Buddies Blog If you'd like to support My FX Buddies https://buymeacoffee.com/tishwash The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced today, Wednesday, that the financial inclusion rate has risen to more than 40  % , noting that t he bank has achieve...

After a "difficult labor", the 2025 budget tables finally find their way to the Council of Ministers. link to My FX Buddies Blog If you'd like to support My FX Buddies: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.paypal.com/paypalme/tishwash In summary, the Iraqi Parliament voted in June 2023 on the draft general budget law for the fiscal years (2023, 2024, 2025), to approve special budget tables for tho...

APICORP: Ready to resume Kurdistan oil exports but want written agreement to guarantee payment link to My FX Buddies Blog If you'd like to support My FX Buddies: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.paypal.com/paypalme/tishwash Below is Apicor’s post on the “x” platform: As we have always stressed, APICORP member companies are ready to resume oil exports via the Iraq-Türkiye pipeline, after reaching agreeme...

Deputy Speaker of Parliament: New US decisions may be issued regarding Iraq link to My FX Buddies Blog If you'd like to support My FX Buddies: ⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.paypal.com/paypalme/tishwash A bdullah confirmed that the Iraqi parliament has reactivated the Article 140 Committee, in a move aimed at abolishing the legacy of the Baath regime and addressing the changes that have occurred in the...

Nechirvan Barzani receives a written message from Trump link to My FX Buddies Blog If you'd like to support me: ⁠⁠⁠⁠⁠⁠⁠⁠ https://www.paypal.com/paypalme/tishwash Today, Thursday (February 20, 2025), the President of the Kurdistan Region, Nechirvan Barzani, received a written letter from US President Donald Trump, in response to a previous letter addressed to him by Barzani. A statement by the...

A burning economic debate.. Is raising the exchange rate the magic solution for the Iraqi economy? link to My FX Buddies Blog If you'd like to support me: ⁠⁠⁠⁠⁠⁠⁠⁠https://www.paypal.com/paypalme/tishwashAn ongoing debate among economists in Iraq about the effects of adjusting the exchange rate of the Iraqi dinar against the US dollar on the national economy, especially in the fields of agricul...

Federal Reserve Praises Development of US Dollar Cash Distribution System in Iraq link to My FX Buddies Blog The Central Bank announced, today, Sunday, the details of its meetings with the US Treasury and the US Federal Reserve. The Central Bank stated in a statement received by / Al-Maalouma / agency, that “the first quarterly meetings for the year 2025 with the US Treasury and the US Federal Res...

Iraq’s market turns away from “old US Dollar” link to My FX Buddies Blog If you'd like to support me: ⁠⁠⁠⁠⁠⁠⁠ https://www.paypal.com/paypalme/tishwash Deeply entrenched since the 2003 US invasion, the dollar has become a cornerstone of Iraq’s economy, fueling oil exports, trade, and daily transactions, effectively operating as a parallel currency. However, older banknotes, especially pre-2003...

America stops the dollar cash to Iraq: Will the dollar rise against the dinar? link My FX Buddies Blog I'd like to see these reports If you'd like to support me: ⁠⁠⁠⁠⁠⁠ https://www.paypal.com/paypalme/tishwash In a surprising move,  reports  indicate that the United States has decided to stop sending cash dollars to Iraq, a decision that could have profound effects on the Iraqi economy and...

Controversy over the dollar in Iraq.. Expectations of a price increase and the government reassures!  link to My FX Buddies Blog If you'd like to support me: ⁠⁠⁠⁠⁠⁠https://www.paypal.com/paypalme/tishwashThe exchange rate is volatile and the dollar is rising against the dinar, which is putting the Iraqi economy in great challenges, raising fears of a possible financial crisis. While the govern...

In light of the liquidity crisis... Why doesn't Iraq resort to printing more currency? link to My FX Buddies Blog If you'd like to support me: ⁠⁠⁠⁠⁠⁠ https://www.paypal.com/paypalme/tishwash Iraq is facing increasing challenges due to the scarcity of cash liquidity, which negatively affects the markets and daily financial transactions. While some are looking for quick solutions to overcome...

Central Bank: Stimulating hoarded money in homes is one of the most important challenges of the stage link to My FX Buddies Blog An official at the Central Bank of Iraq said that “stimulating the money hoarded in homes and transferring it to the banking sector is one of the most important challenges facing the current stage.” The representative of the Central Bank of Iraq at the Baghdad Internatio...

Joint statement by the Sudani Office and the Central Bank on the modernization of the banking sector link to My FX buddies Blog Joint statement from the Office of the Prime Minister and the Central Bank of Iraq, If you'd like to support me: ⁠⁠⁠⁠⁠ https://www.paypal.com/paypalme/tishwash Banking reforms constitute an important pillar of the economic reform adopted in the government program. In...

Iraqi traders: Our losses are huge.. What does the toman have to do with it? link to My FX Buddies Blog If you'd like to support me: ⁠⁠⁠⁠⁠https://www.paypal.com/paypalme/tishwash The Iranian Toman currency witnessed a new deterioration after it collapsed under the weight of American sanctions and political and economic crises in Tehran, which burdens traders and those dealing with it, turning...