My FX Buddies

The Iraqi Gazette newspaper publishes the Federal General Budget Law link The official Iraqi Gazette issued by the Ministry of Justice published, on Monday, the text of the general budget law for the years (2023, 2024, 2025). A copy of the facts and budget law it's in Arabic but I translated the first page that shows the rate of 1300 and oil at $70   here's page one translate   see 1300 an...

Al-Sudani receives a delegation from JPMorgan Bank link to see this article in full and more go to: My FX Buddies Blog Prime Minister Mr. Mohamed Shiaa ••••••••••  Today, Thursday, the Prime Minister, Mr. Mohamed Shayaa Al-Sudani, received a delegation from JPMorgan Bank, which included Messrs. Daniel Zeliko, Deputy Director of the Bank, and the Director of the Bank's Public Sector Group in th...

Parliament sets next Thursday as the date for holding a session to vote on the budget link to see this article in full and more go to: My FX Buddies Blog The House of Representatives has set next Thursday as the date for holding a voting session on the federal budget. Below is the text of the document: words : Yasin al-Nawab (reading verses from the Holy Quran) Arabic and international for affairs...

The Central Bank of Iraq begins the process of electronic payment to reduce the use of paper money link to see this article in full and more go to: My FX Buddies Blog The Central Bank of Iraq announced that Cabinet Resolution No. (23044) for the year 2023 has entered into force, represented by increasing the number of electronic payment devices (POS), which are used as of today, the first Thursday...

Under the slogan “The Dinar is a Nation’s Issue,” a gathering in Baghdad to support the local currency #IraqiDinar #Dinar #DinarRV this is the text on the Sign We deal with our national flag The #dinar is a homeland issue # The dinar is stronger To see the images and more go to My FX Buddies Blog

Iraqi PM Predicts Iraqi Dinar Value link to see this article and more go to: My FX Buddies Blog The Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani (pictured), has said the he anticipates the exchange rate between the Iraqi dinar and the US dollar will stabilize at the official rate of 1,320 IQD. Speaking at the  Iraq Forum for Stability and Prosperity  in Baghdad last week, he also said that Ir...

Association of Private Banks: The Iraqi dinar is recovering and will return strong and stable link to see this article in full and more go to: My FX Buddies Blog  dinar is recovering and will return strong and stable. The Association’s advisor, Samir Al-Nusairi, told the Iraqi News Agency (INA): “Our dinar is recovering and returning strong and stable,” stressing that “with a close eye on the real...

Government advisor: The parallel dollar will approach the official rate within days link to see this article in full and more go to: My FX Buddies Blog   A government advisor confirmed, on Tuesday, that the parallel market for selling the dollar will witness a new decline during the next ten days and will come closer to the official price, indicating that transfers are currently taking place in an...

Governor of the Iraq Central Bank: We are on alert to control the exchange rate of the dinar link    this came from kurdish news to see this article in full and more go to: My FX Buddies Blog   Today, Thursday, the governor of the Central Bank, Ali Al-Alaq, stressed the government's commitment to not reaching the dollar's exchange rate to countries with which the United States prohibits de...

A rapid decline in dollar prices in Baghdad and Erbil link to see this article in full and more go to: My FX Buddies Blog The exchange rates of the US dollar against the Iraqi dinar continued to decline today, Sunday, in the main stock exchange in the capital, Baghdad, and Erbil, the capital of Kurdistan Region. News agency reporter said that the Al-Kifah and Al-Harithiya Central Stock Exchange in...

Detection of printing a cash denomination worth 20,000 Iraqi dinars link to see this article in full and MORE go to: My FX Buddies The Deputy Governor of the Central Bank of Iraq announced the start of printing new money in the category of 20,000 dinars at the end of this year or early next year. The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said, in a press interview, that "th...

The Iraqi Central Bank announces the imminent issuance of a decision regarding the possibility of printing a denomination of 20 thousand  dinars link To see this article and more go to: My FX Buddies Blog Today, Wednesday, the Central Bank expected a decrease in the difference between the official and parallel exchange rates during the coming period, and while it indicated the imminent issuance of...

 The Iraqi Dinar Has Revalued!! But .... link to see this article in full and MORE go to: My FX Buddies Blog An economist expects an imminent decline in the dollar: these indicators! Today, Friday, the economic expert, Mustafa Hantoush, predicted an imminent decline in the exchange rates of the dollar against the Iraqi dinar in the parallel market, after the increase in central bank sales. Hantous...

Ali Al-Alaq to Shafaq News: Wait for a decrease in the exchange rate of the parallel dollar link to see this article in full and MORE go to: My FX Buddies Blog The Governor of the Central Bank of Iraq, Ali Al-Alaq, expected, on Tuesday, a decrease in the parallel dollar exchange rate (the market price and local exchange rates) during  the coming period. Al-Alaq told Shafaq News agency, "The C...

The government of Iraq delivers the "tripartite budget" to the House of Representatives link to see this article in full and more go to: My FX Buddies Blog Spokesman for the Iraqi government on behalf of Al-Awadi In implementation of the provisions of the Constitution and the Federal Financial Management Law, yesterday evening, Thursday, the draft federal budget law of the Republic of Ir...

An Iraqi bank is giving good news about converting the dollar at the official rate link An Iraqi bank announced, on Sunday, good news regarding the conversion of the dollar at the official rate. And the World Bank stated in a statement, that it "announces an initiative to transfer  more than (200) countries in the world  through (Western Union) at the price (1320) and up to a maximum of...

The Iraqi government is heading to end "dollarization".. The dollar is not available for dealing between citizens - Urgent to see this article in full and MORE go to: My FX Buddies Blog The researcher in economic and financial affairs, Nabil Jabbar Al-Tamimi, revealed today, Sunday, the existence of a government approach aimed at ending the phenomenon of "dollarization", that is, reducing the circ...

Parliamentary Finance expects to approve the budget in the month of Ramadan link   The Parliamentary Finance Committee expected the approval of the draft financial budget law for the year 2023 during the holy month of Ramadan. Committee member Mueen Al-Kadhimi told {Euphrates News} agency, "The draft general budget law for the year 2023 will reach parliament next week, and it will need to be...

5 new decisions from the Central Bank of Iraq regarding the dollar link to see this article in full and more go to: My FX Buddies Blog A meeting between the Central Bank, companies, banks and leaders of security agencies reached new decisions in the context of facing the exchange market crisis.   And a statement by the central bank stated, “The governor of the Central Bank of Iraq, Ali M...

Will Iraq's oil sales turn from petro-dollars to petro-yuan? To see this article in full  and more go to: My FX Buddies Blog  this is in Iraq's news Today, Wednesday, international agencies and newspapers revealed news of an Iraqi-Chinese agreement for trade exchange in the local currencies of the two countries. And the Chinese newspaper Global Times said, quoting statements by Chinese o...

Al-Sudani: We are working on structural reforms for the Iraqi economy to see this article in full and more go to: My FX Buddies Blog Prime Minister Muhammad Shia al-Sudani affirmed that Iraq is the key to the solution in the region, while pointing out that part of corruption finances terrorism. Al-Sudani said in a symposium on the sidelines of his participation in the Munich conference, "Iraq is t...

Sources reveal details of the Iraqi-American understandings regarding the dollar crisis to see this article in full and more go to: My FX Buddies Blog Political circles are talking about a  renewable "grace period " granted by the US Treasury to Iraq regarding the circulation of the dollar, while the government denies these reports. And those circles refer to a series of understandings b...

The negotiations of the Iraqi delegation in Washington about the dollar "do not bode well" link to see this article in full and more go to: My FX Buddies Blog Two Arab newspapers reported, on Saturday, that the Iraqi delegation headed by Foreign Minister Fuad Hussein is finding it difficult to convince the US administration to ease restrictions on Iraq's access to the dollar. The London-based Al-A...

Al-Sudani exempts Mukhayf and assigns Ali Al-Alaq to run the Central Bank of Iraq To see this article in full and more go to: My FX Buddies Blog Today, Monday, Prime Minister Muhammad Shia'a al-Sudani dismissed the governor of the Central Bank, Mustafa Ghaleb Makhaif, from his post. The official news agency quoted a government source as saying, "Prime Minister Muhammad Shiaa al-Sudani decided to r...

Iraq Economy Reels as U.S. Moves Against Money Flows to Iran link BAGHDAD—Iraqis are blaming an unexpected culprit  for a weakening currency  that has caused the price of food and imported goods to rise: a little-noticed policy change by the U.S. Treasury and the Federal Reserve Bank of New York. The New York Fed began enforcing tighter controls on international dollar transactions by co...