My FX Buddies

Why will Iraq become one of Trump's "priorities" in the coming period? link If you'd like to support me: ⁠⁠ https://www.paypal.com/paypalme/tishwash Political researcher Ahmed Al-Yasiri predicted, on Friday (December 13, 2024), that major changes will take place in the Middle East region after Donald Trump assumes the presidency of the United States of America. Al-Yasiri said in an interview with...

Al-Hakim: Kirkuk will get its due in the 2024 budget link to My FX Buddies Blog The head of the National Wisdom Movement, Ammar al-Hakim, held a press conference in Kirkuk on Wednesday, durin g which he confirmed that support for the governorates will be present in the 2024 budget and Kirkuk will receive its due  share. Al-Hakim said during the conference, during his meeting with a number of membe...

Mazhar Mohammed Saleh: Iraq's economy, financial flows and trade relations will not be affected by events in Syria link to My FX Buddies Blog Regarding the impact of the events in Syria on the exchange rate of the dollar in Iraq, Mazhar Muhammad Salih stated that “the current events are in Syria, not Iraq,” adding that “the problems in Syria may affect some of the simple border trade known, or whi...

Ernst & Young reveals the completion rate of the Rafidain Bank restructuring project link to My FX Buddies Blog The World Bank's Regional Director in Iraq, Emmanuel Salinas, explained the reality of work on this project, in which he presented the opportunities available within the banking work environment in Iraq and the mechanism for developing the restructuring plan in its operational and fi...

Economic Center Calls for a Comprehensive Review of Banking Operations in Iraq link to My FX Buddies Blog The director of the center, Wissam Al-Helou, said in a statement received by Shafak News Agency, that there are indicators confirming the urgent need to reconsider the work of government and private banks, and the modern and advanced technological changes that the world is witnessing, which ha...

Al-Alaq: Our critical position is very excellent link to My FX Buddies Blog Al-Alaq announced the Central Bank's success in implementing the transition plan for "foreign transfers, in line with international practices and standards, and that it is currently taking place smoothly and transparently - especially covering imports at the official exchange rate - which leads to general stability in pric...

Rafidain Bank announces suspension of credit activity in the middle of next month link     to My FX Buddies Blog they do this every year this is not a sign the RV is happening although it would be a great time for it For annual application purposes The bank confirms that due to the approaching end of the fiscal year and for the purposes of the annual application and to make room for the liquidatio...

Soon.. Exchange companies will recover again and resume their work link to My FX Buddies Blog The financial market is witnessing Iraq A gradual shift in the economic landscape as we approach return Exchange companies work to the fore. These companies, whose business had previously declined due to tight monetary policies and restrictions on foreign currency auctions. And soon it is heading towards...

Al-Alaq: The monetary situation in Iraq is excellent and our reserves support the stability of the exchange rate link to My FX Buddies Blog Al-Alaq added in a press statement that the Central Bank is distinguished by its ability to "respond to providing the country's needs for currency," indicating that "foreign transfers for trade purposes are proceeding smoothly after the implementation of the n...

Finally! .... A Budget Update! A Great CBI Article  link to My FX Buddies Blog The House of Representatives announced, today, Sunday, its agenda for Tuesday's session. The media department of the House of Representatives stated in a statement received by the Iraqi News Agency (INA): “The agenda of Tuesday’s session included 5 paragraphs, and the following is the text of the agenda:

Dollar-Dinar Exchange Rate Gap: Causes and Treatments link to My FX Buddies blog It is also noted that among the technical reasons that led to the widening of the gap are the successive changes in the official exchange rate threshold taken by successive government administrations. The gap witnessed a transition at the end of 2020 from the stable situation in which the gap between the official exch...

MP Hassan Al-Asadi brings good news to a group of those covered by Article 140 link to My FX Buddies Blog Al-Asadi said in a statement received by "Baghdad Today", "After continuous follow-up with the Committee for the Implementation of Article 140 of the Constitution of the Republic of Iraq, approval was ob tained to promote the transactions of the article for those who have a receipt for the yea...

Delete zeros and evaluate the dinar link to My FX Buddies Blog In a newspaper column a while ago, we explained the concept of deleting zeros, and today we are talking about the concept of currency revaluation, which means a calculated upward adjustment of a country’s official exchange rate relative to a chosen baseline, which can include (wage rates, the price of gold, or a specific foreign curren...

The census is an additional pillar for economic reform plans link to My FX Buddies Blog Prime Minister Mohammed Shia al-Sudani and Secretary-General of the Badr Organization Hadi al-Amiri confirmed on Friday that the success of the general census  is an added  pillar to the development and economic reform plans. The Prime Minister's media office stated in a statement that "Al-Sudani met with Al-Am...

IMF praises positive developments in Iraq in financial and banking aspects link to My FX Buddies Blog He added, "During the meeting, the cooperation relations between Iraq and the International Monetary Fund and ways to enhance them in the context of supporting the development path in Iraq were reviewed. During the meeting, His Excellency the President of the Republic stressed Iraq's endeavor to i...

Americans helped us print the international dinar.. Al-Sudani’s advisor recalls the treasury’s positions   We will continue until Iraq is integrated into the world. link to My FX Buddies Blog Post Saleh told the Iraqi News Agency (INA): "The cooperation and coordination between Iraq and the US Treasury extends back to the first years since the change of the former regime," indicating that "the Tre...

Including increasing the number of branches.. Al-Sudani issues 6 directives to develop the financial and banking system link to My FX Buddies Blog Prime Minister Mohammed Shia al-Sudani directed, on Friday, to take a number of steps within the framework of banking and financial reform in the country, including increasing the number of bank branches in the governorates, as most activities are conce...

Al-Alaq calls for fixing the price of a barrel of oil in the budget at $40 link to My FX Buddies Ali Al-Alaq, the governor of the Central Bank, revealed the imminent establishment of national companies and banks specialized in electronic payment and financing small projects, while calling for fixing the price of a barrel of oil in the budget at $40. Al -Alaq said during his participation in the "M...

Bottleneck Risks: Iraq’s Reliance on a Limited Number of Correspondent Banks ⁠link to My FX Buddies Blog⁠ If you'd like to support me: ⁠https://www.paypal.com/paypalme/tishwash⁠ Iraq's 2025 budget is expected to be the first of its kind, relying on a system of correspondent bank transfers amid the challenges of low oil prices and high domestic spending. The Iraqi economic and financial system is f...

"Hybrid Monetary Policy".. Al-Sudani's Advisor Reveals the Central Bank's New Step link Saleh told: "It is clear that the monetary policy of the Central Bank of Iraq has become a policy that meets the requirements of growth in real economic activity, through activating its operational objectives aimed at reducing the cost of credit and financing within the joints of the economic system in general...

Why is the US dollar exchange rate fluctuating in Iraq? link to My FX Buddies Blog Once again, the fluctuation in the US dollar exchange rate has returned to the forefront, and this time it is due to speculators and merchants of crises and wars, exploiting the war currently being waged by the Zionist entity against our Arab people in Palestine and Lebanon and the confusing security situation resul...

Removing zeros and revaluing the Iraqi dinar link to My FX Buddies Blogpost The concepts and scientific names in economics differ according to the specialization and the branches derived from it. When talking about the exact specialization, economic variables must be named by their scientific names. One of these names is the term redenomination, or as it is called (removing zeros from the currency...

Trade Bank of Iraq opens new branch in Baghdad link to My FX Buddies Blog In line with its strategic plan for expansion and increased presence, the Trade Bank of Iraq (TBI) has opened its new branch in the capital Baghdad, Karkh side, Mansour area, which increases the number of its branches spread throughout the capital Baghdad and all governorates to 25 branches. This branch will provide various...

Millions of Iraqis' pockets replace heavy cash with light cards link to My FX Buddies Blog 18 million electronic cards! Yes, this number represents the number of cards that have been issued and are used by Iraqis everywhere. Electronic payment has become a basic requirement of life these days, and we want to see advanced campaigns such as #Asraflak to spread awareness about this trend. How are you...

Trade Bank of Iraq announces the imminent opening of a cash deposit center in Karkh link The bank's media advisor, Aqil Al-Shuwaili, said in a statement followed by Al-Masry, "Based on the directives of Prime Minister Mohammed Shia Al-Sudani to provide the best services to citizens, the Trade Bank of Iraq announces the imminent opening of the (Cash Deposit Center)." He pointed out that “this cente...