My FX Buddies

Today.. Baghdad International Fair kicks off with the participation of 20 countries and 1000 companies link to My FX Buddies Blog The 48th session of the Baghdad International Fair opens today, Saturday, with the participation of 20 countries and more than 1,000 local and international companies. Al-Ghariri stressed that "this edition will be distinguished by the diversity and size of the par...

Economist: The country's financial situation is among the most prosperous years link to My FX Buddies Blog Economic expert Nabil Al-Marsoumi confirmed that “ the country has large cash reserves, which are greater than 100 percent of the volume of the issued curren cy.”Al-Marsoumi promised in a statement seen by Al-Masry today, Thursday, that the percentage for a country like Iraq that maintain...

Governor of the Central Bank of Iraq meets an official delegation from the United States link https://www.myfxbuddies.com/2025/01/governor-of-central-bank-of-iraq-meets.html they tweeted this too If you'd like to support me: ⁠⁠⁠⁠⁠https://www.paypal.com/paypalme/tishwash Get the Free Transcript at RSS.com His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received...

President of the Republic reviews Iraq's long-term economic development plan in Davos link to My FX Buddies Blog Today’s session, entitled “Towards a more stable land through land reclamation,” focuses on a critical global challenge: land degradation. 40% of the world’s land has lost its fertility, threatening the stability of our economic and social environments. This phenomenon has caused a...

Parliamentary Finance Committee Member Identifies ‘Most Dangerous Issue’ in 2025 Budget link to My FX Buddies Blog Member of the Parliamentary Finance Committee, Mustafa Al Karawi, revealed the most prominent challenges facing the 2025 budget, while indicating that the "most dangerous thing" is the halting of investment projects. He added that "the subject of the oil and gas law rep...

Counterfeit currency enters Iraq.. Al-Aasam reveals shocking information link to My FX Buddies Blog Al-Aasam explained to “Jarida Platform” that this currency, which was discovered to be counterfeit, was recently circulated in local markets, suggesting that it may have arrived from outside the borders, as “there are no internal capabilities or laboratories to counterfeit the currency.” Al-Aasam ad...

Liquidity crisis in Iraq is "worsening".. 70% of money is hoarded in homes link to My FX Buddies Blog If you'd like to support me: ⁠⁠⁠⁠⁠ https://www.paypal.com/paypalme/tishwash Al-Tamimi said in an interview with Baghdad Today, "The lack of liquidity is something we expected two years ago, and we warned about it repeatedly, especially with citizens continuing to hoard money ins...

Instead of "granting it exclusively to foreign banks", a proposal to offer the dollar on "trading platforms" link to My FX Buddies Blog If you'd like to support me: ⁠⁠⁠⁠ https://www.paypal.com/paypalme/tishwash Economic experts and specialists considered that the Central Bank's attempt to avoid responsibility for the currency auction and sale came through delegating thi...

Parliament adds budget amendment paragraph to next Sunday's agenda link to My FX Buddies Blog Reading verses from the Holy Quran First: Voting on the draft law of the National Intelligence Service to the Defense Committee (Article 26). S econd: Voting on the draft law amending the first law of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2022 - 2014 - 2020) No....

Economist: The Central Bank’s policy is moving towards globalizing Iraqi banks This is a MUST read and share article get it at My FX Buddies Blog link to My FX Buddies Blog If you'd like to support me: ⁠⁠⁠ https://www.paypal.com/paypalme/tishwash Qusay said in an interview: "The Central Bank's policy is moving towards consolidating the issue of globalizing Iraqi banks, and the process of ending de...

Source: Trump envoy expected to visit Iraq with security message for PM Al-Sudani link to My FX Buddies Blog If you'd like to support me: ⁠⁠⁠ https://www.paypal.com/paypalme/tishwash The source told Shafaq News, "The American envoy is likely to arrive in Baghdad carrying direct messages from Trump about the security of the region and Iraq’s role in maintaining it." The visit, the source noted, mig...

Birth of a new banking entity in Iraq.. A government advisor reveals the details link to My FX Buddies Saleh added, "The study aims to establish a new banking entity specializing in government banking operations, to meet the government's needs exclusively. This entity will contribute to achieving the goals of the unified treasury account, which is a crucial tool for regulating cash flows for publi...

Critical days ahead for Baghdad before Trump arrives at the WhiteHouse... and Al-Sudani in Tehran tomorrow link to My FX Buddies Blog Iraq is waiting for Trump In short,  there is a stark reality that those concerned here or there must be aware of, including the rulers of Iraq, which is that the major powers controlling the game have begun to change the rules of engagement in a manner consistent w...

The Iraqi dollar and the first day “passed peacefully”.. The Central Bank is innocent and devoted to the dinar link to My FX Buddies Blog Quick review by Mahmoud Dagher The Central Bank receives the dinar from the banks, which is the money of the customers (traders), and converts it into dollars and delivers it to the foreign correspondent banks. It will not undertake the auditing, but they will u...

After the electronic platform stopped...Answering questions from Iraqi circles about the new dollar mechanism link to My FX Buddies Blog Many citizens have raised Iraqis Questions about the new trading mechanism Dollar in Iraq How to withdraw or buy it after stopping Official To create an electronic platform. He said Deputy The Governor of the Central Bank, Ammar Khalaf, said yesterday that "the m...

Iraq officially suspends work on the electronic platform.. Will we witness a crazy rise in the dollar? link to My FX Buddies Blog The Central Bank of Iraq announced today, Wednesday, the suspension of work on the electronic platform mechanisms related to the sale of Dollar .He said Deputy Central Bank Governor Ammar Khalaf, in a statement to the official agency, followed by Sumerian News, "The mec...

With the beginning of the new year, the US dollar enters a new phase in Iraq link to My FX Buddies Blog US dollar dealers in Iraq are awaiting the arrival of the new year 2025, which is now approaching and will end the work of the electronic platform for monitoring the movement and transfer of currencies outside the country, according to what the Central Bank of Iraq announced. Financial and banki...

Goodbye dollar auction.. Central Bank announces the end of 20 years of billions and suspicions link to My FX Buddies Blog The matter has been settled.. Iraq will no longer offer its precious dollars in the controversial dollar auction, or what was called the foreign currency sales window and the electronic platform. After 20 years since the start of this procedure, Ammar Khalaf, Deputy Governor of...

Parliamentary Finance Committee settles the matter: The dollar exchange rate will not change link to My FX Buddies Blog Th e Parliamentary Finance Committee revealed the numbers of employees, retirees and social welfare beneficiaries, confirming that their salaries are fully secured for next year, with no intention to change the dollar exchange rate. Committee member, Moeen Al-Kazemi, stressed the...

Al-Alaq announces the launch of the era of digital transformation in Iraqi banks link to My FX Buddies Blog The Governor of the Central Bank, Ali Al-Alaq, announced today, Tuesday, the launch of strategic projects to support digital transformation, while indicating that the Central Bank: We issued controls to license digital banks in Iraq. Al-Alaq said in his speech during the fourth annual intern...

Expected rise in the dollar... "temporary shock" awaits the Iraqi market link to My FX Buddies Blog The head of the institution, Manar Al-Obaidi, said in a statement to "Baghdad Today", that "the suspension of the Central Bank's currency transfer platform, which was officially announced on 12/23/2024, will lead to a temporary rise in the dollar exchange rate in the market as a result of the prevai...

The dollar market is on “one leg”.. A new mechanism and the exchange rate is threatened! link to My FX Buddies Blog The Central Bank of Iraq is preparing to stop dealing with the electronic platform for dollar transfers abroad, at a time when experts have warned against raising the exchange rate to a higher level in light of the news circulating about this. The electronic platform was launched in...

Sudani: We agreed with Trump to develop economic relations link to My FX Buddies Blog Highlights of what the Prime Minister said during a (special meeting) with the head of the Iraqi Media Network I rarely appear in dialogue meetings because I believe that the field is the deciding factor.   The citizen wants to touch something realistic and is tired of promises  The Syrian events were not a surpr...

Antoine: The situation in Syria greatly affects the Iraqi economy link to My FX Buddies Blog "Some people downplay the impact of the Syrian situation on Iraq, but the reality indicates a profound impact due to the common border that extends for about 650 kilometers between the two countries." He explained that "what is happening in Syria is not just a political conflict, but rather part of an econ...

Parliamentary Committee: Government working to reduce gap between parallel and official exchange rate to achieve stability link Committee member Moeen Al-Kazemi said in a statement followed by "Mil", "The government and the Central Bank have taken several important measures to confront the security and economic challenges in the country,  especially in light of the deteriorating conditions i n Syr...