My FX Buddies

Against the rise in the price of the dollar.. "angry" demonstrations in front of the Central Bank of Iraq building in Baghdad (photos + video Against the rise in the price of the dollar.. "angry" demonstrations in front of the Central Bank building in Baghdad (photos + video) link   Yes to the dinar' On Wednesday, a number of citizens organized angry demonstrations in front of the Central Ban...

What is meant by currency float? What are its advantages and disadvantages? To see this article in full and more go to: My FX Buddies Blog The floating currency is intended to leave the value of a country's currency to supply and demand when compared to another currency. There are millions of traders around the world buying and selling currencies, which helps determine their value for others. The...

Iraq's Central Bank moves to strengthen dinar against US dollar to  see this article in full  and more go to: My FX Buddies Blog The plan includes a measure to buy more Chinese yuan. Other states are also considering using the yuan more. December 24, 2022 Iraq's  Central Bank  has a new plan to increase the  value of the Iraqi dinar  against the US dollar. The bank re...

The Iraqi Central Bank launches a package of measures to reduce the exchange rate of the dollar - urgent  link   to see this article in full and more go to: My FX Buddies Blog Today, Monday, the Central Bank of Iraq launched a package of measures to improve the performance of dollar-related transactions. The Central Bank's media office said, in a statement received by Earth News, th...

Starting tomorrow... the Central Bank of Iraq is moving to reduce the price of the dollar link    to see this article in full and more go to: My FX Buddies Blog The Central Bank of Iraq decided, on Sunday, to increase the weekly sales of the US dollar in the currency auction,  in an attempt to restore the exchange rate to its previous state.    hmmmm According to a do...

The Iraqi Parliament completes the cabinet of the Sudanese government by granting confidence to two ministers link    My FX Buddies Blog The Iraqi Parliament voted, today, Saturday, to grant confidence to the Minister of Construction, Housing, Municipalities and Public Works, Bankin Abdullah Rikani, and to the Minister of Environment, Nizar Muhammad Saeed Amidi. Shafaq News agency report...

Central Bank: The value of the Iraqi dinar has become equivalent to one and a half dinars, with our reserves exceeding 90 billion dollars link  to see this article in full and more go to: My FX Buddies Blog The Central Bank of Iraq confirmed, today, Friday, that the cash reserve exceeded 160% of the value of the Iraqi dinar, and while confirming the increase in the cash reserve exceeding 90 b...

Baghdad and Erbil agreement on the implementation of Article 140 of the Constitution To see this article in full and more go to: My FX Buddies Blog link  Minister of Justice Khaled Shawani revealed, on Monday, the details of the meeting of the State Administration Coalition at the home of the President of the Patriotic Union of Kurdistan, Pavel Talabani. Shawani said in a press conference hel...

Iraqi investment announces an openness towards "domestic and foreign" to counter reluctance  ink To see this article in full and more go to: My FX Buddies Blog The National Investment Commission in Iraq announced today, Thursday, its intention to open up to available local and foreign investments. The head of the authority, Salar Muhammad Amin, said in a statement received by Shafaq News Agen...

The cost of Iraq’s empty promises/The Washington Institute: America is blackmailing the new Iraqi government link To see this articles in  full and more go  to: My FX Buddies  Blog Sudani’s tenure has not even reached the 30-day mark, but judging by his performance so far, there is little that can be described as success (or even the hint of it). Unless something changes, Iraqis are...

Iraqi Dinar News Catch up Iraqi News for November 8th and 9th 2022 Al-Sudani is preparing to launch a major reform project To see this article in full and more go to: My FX Buddies Blog Prime Minister Muhammad Shia Al-Sudani is preparing to launch a major reform project for the Iraqi economy. The Prime Minister's Adviser for Economic Affairs, Abdul-Hussein Al-Anbaki, said in a statement reported b...

Even Central Banks Are Buying Gold for the Zombie Apocalypse  link To see this article and more go to: My FX Buddies The instruction manual for surviving a zombie apocalypse is pretty straightforward. Once you’ve kitted out your bunker with canned goods and firearms, get a supply of bullion. You’ll need it to buy bullets and bribe your way out of a death fight in Thun...

Is it time to change the  Iraqi Dinar exchange rate?   link To see this article in full and more go to: My FX Buddies Blog The issue of raising the exchange rate from the previous government in the Iraqi budget, which was officially approved on  April 1, 2021 , was a big mistake, and it was an open theft from the pockets of citizens, and we were against it. For the record, all the b...

Returning the Iraqi dinar exchange rate to the previous rate is an economic disaster and a strategic economic mistake WOTS WED OCT 26 22 link    to see the article in  full and  MORE go to: My FX Buddies Blog During the past week, rumors spread widely in the foreign exchange market, promoted by speculators and some politicians who are not specialized in the economy for nar...

WOTS MON OCT 24 22 Al-Sudani: The next government will attach the utmost importance to providing and maintaining the investment environment in Iraq link To see this article in full and MORE go to:   My FX Buddies Blog Prime Minister-designate Muhammad Shia Al-Sudani said on Monday that the next government will attach the utmost importance to providing and maintaining the investment envir...

WOTS MON OCT 17 22  Details of the Sudanese meeting with the American ambassador link  to see this aticle in full and more go to: My FX Buddies Blog The Prime Minister-designate, Mr. Muhammad Shiaa Al-Sudani, received yesterday evening, Sunday, the US Ambassador to Iraq, Mrs. Alina Romanowski. The meeting witnessed discussions on bilateral relations and common interests between the two c...

 The Iraqi Central Bank: The inflation rate is controlled and we are not thinking about changing the exchange rate link To see this article in full and more go to: My FX Buddies Blog The Deputy Governor of the Central Bank of Iraq, Ammar Hamad Khalaf, confirmed that there is no justification for thinking about changing the exchange rate of the Iraqi dinar, especially in light of the high oil...

Question and answer.. Why is the Central Bank of Iraq heading towards issuing a category of 20 thousand dinars? To see this article in full and MORE go  to: My FX Buddies Blog link The Central Bank of Iraq is heading to issue a new category of the local currency for monetary circulation that is not very high, after the depreciation of its currency against the dollar, in a move described as us...

The Central Bank: New cooperation between Iraqi and international banks Iraqi News for Oct 4 and Oct  2022 link To see this article in full and more go to: My FX Buddies Blog The Governor of the Central Bank, Mustafa Mokhif, announced  receiving requests from international banks to open prospects for cooperation with Iraqi banks, which have a credit rating from accredited rating agencies...

Weekend News Catch Up October 1st and 2nd 2022 The centrality of the protests: the demonstrations of Tahrir and Al-Nusour have one goal..Wait for October 25 To see this article in full and MORE go to: My FX Buddies Blog link A member of the Central Committee for the Tishreen demonstrations, Abdul Hamza Al-Khafaji, confirmed today, Saturday, that the demonstrations in Tahrir and Al-Nusour Squa...

The Central Bank closes the door to change the dollar exchange rate.. What about the project to delete zeros? link To see this article in full and MORE go to: My FX Buddies Blog   Today, Tuesday, the Central Bank of Iraq announced its intention to issue a new denomination of the Iraqi currency, worth 20 thousand, while stressing that there is no intention of the Central Bank to change the exc...

Weekend News  Wrap September 10 and 11 2022 Where does Iran get the Iraqi dinar from? .. An expert explains To see this article in full and MORE go to: My FX Buddies Blog link On Friday, the professor of economics at the University of Basra, Nabil Al-Marsoumi, shed light on how Iran obtained the Iraqi dinar. Al-Marsoumi said in a blog post, followed by "Nass" (September 9, 2022): "The Governo...

WOTS TUE SEP 6 22  Soon.. Al-Kazemi to America To see this article in full and MORE go to: My FX Buddies Blog Iraqi Prime Minister Mustafa Al-Kadhimi will visit the United States on September 26, to participate in the meetings of the United Nations General Assembly, rejecting a proposal presented to him during the second meeting of political leaders, not to make the visit, due to fear of rene...

Iraqi News catch up September 4th and 5th 2022 Al-Kazemi's advisor: Iraq is on the "white list" to combat money laundering crimes  To see this article in full and more go to: My FX Buddies Blog The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, said on Sunday that Iraq is currently on the "white list" of countries in implementing international standards in combat...

Biden, during a call with Al-Kazemi, calls on all leaders to engage in a national dialogue To see this article in full and more go to: My FX Buddies Blog link Today, Wednesday, Prime Minister Mustafa Al-Kazemi received a phone call from US President Joseph Biden, discussing the latest developments in the situation in Iraq after the recent events. A government statement said, "During the call, Pres...