My FX Buddies

To see the entire article I discuss here and MORE go to https://myfxbuddies.blogspot.com/2021/03/wots-mon-mar-1-21.html Parliamentary Finance announces the completion of all budget law articles link The Parliamentary Finance Committee announced, on Monday, that it has completed all the articles of the Federal Budget Law for the fiscal year 2021. The Media Department of Parliament stated,...

To see the entire article and MORE go to https://myfxbuddies.blogspot.com/2021/02/wots-thu-feb-25-21.html Finance issued a statement on the change of the dollar exchange rate link The Ministry of Finance announced, on Wednesday, that an expanded meeting will be held between Finance Minister Ali Abdul Amir Allawi and representatives of the private sector to study the goals achieved by changing the...

To see all the articles and talk about and MORE go to: https://myfxbuddies.blogspot.com/2021/02/wots-wed-feb-24-21.html Biden makes first call to Iraqi Prime Minister Mustafa Al Kadhimi link The call is the first from the Oval Office to an Arab leader and the second to the Middle East, after Israel US President Joe Biden on Tuesday called Iraqi Prime Minister Mustafa Al Kadhimi, Baghdad announced....

You can read this entire article and MORE by going to https://myfxbuddies.blogspot.com/2021/02/wots-mon-feb-22-21.html Targeting the US embassy in the Green Zone link On Monday evening, Katyusha rockets targeted the vicinity of the US embassy in the Green Zone in Baghdad. An explosion was heard in the area. Iraqi media confirmed that smoke rose from inside the US embassy, ​​which is located i...

See the entire article and MORE at https://myfxbuddies.blogspot.com/2021/02/wots-fri-feb-19-21.html Monitoring important economic achievements of the Al-Kazemi government opens a new gateway of hope for Iraqis link The Al-Kazemi government is striving to address the economic challenges and manage the legacy and multi-dimensional crises that the government has received at all levels. Which rep...

See the entire article and MORE at https://myfxbuddies.blogspot.com/2021/02/wots-thur-feb-18-21.html To the executive branch to the Central Bank of Iraq link Proposing the need to amend the exchange rate of the Iraqi dinar towards the US dollar 1 - The devaluation of the national currency of the Iraqi dinar in favor of the US dollar and making the exchange rate of the dinar against the US dollar a...

Find the rest of this article and MORE at https://myfxbuddies.blogspot.com/2021/02/wots-tue-feb-15-21.html United Nations on Erbil attack: heinous, reckless acts that threaten stability link      Attack on Erbil International Airport, will it threaten the " Revaluation of the Iraqi Dina r"? The UN mission in Iraq, "UNAMI", said, Tuesday, that the missile strikes that targe...

The Iraqi Prime Minister reviews the steps for economic reform and the preparation of the white paper See the entire article and MORE at https://myfxbuddies.blogspot.com/2021/02/iraqi-news-articles-for-sunday-feb-14-21.html link Mustafa Al-Kazemi, Prime Minister of Iraq, reviewed the latest developments related to government steps in the field of economic reform, the completion of the white reform...

You can see all the articles I discussed in the episode and MORE at  https://myfxbuddies.blogspot.com/2021/02/wots-thur-feb-10-21.html A final round of the dollar and the Iraqi dinar in the budget .. Can the exchange rate be changed? link Since the Iraqi government announced a change in the exchange rate of the dollar against the dinar as a result of the drop in oil prices, and what the Coron...

See this complete article and MORE at https://myfxbuddies.blogspot.com/2021/02/wots-tues-feb-9-21.html The Iraqi government launches a new financial reform committee that includes the World Bank link Mubasher: The Iraqi government announced during its weekly meeting, headed by Mustafa Al-Kazemi, today, Tuesday, the inauguration of a new financial reform committee. In a statement issued today, Tues...

See the Complete article and MORE at https://myfxbuddies.blogspot.com/2021/02/wots-mon-feb-8-21.html Canceling the currency auction, reducing borrowing, and “isolating” the central bank’s reserves ... the most important thing for hard currency in the 2021 budget link Today, Monday, the Parliamentary Finance Committee revealed a tendency to cancel the currency auction, while indicating that the Cen...

See the articles discussed here and MORE at : https://myfxbuddies.blogspot.com/2021/02/wots-wed-feb-3-21.html Deputy favors passing the budget with the approval of the region in the last moments link Member of Parliament, Siham Shenoun, confirmed, on Wednesday, that the pressure exerted by the region on the Finance Committee is great, including the threat of the region’s representatives to boycott...

You can see all the articles I discuss here and MORE at https://myfxbuddies.blogspot.com/2021/02/wots-mon-feb-1-21.html Deputy is likely to hold a session Tuesday evening to vote on the budget link On Monday, a deputy from the Al-Hikma Parliamentary Bloc suggested that the Parliament would hold a session tomorrow evening, Tuesday, to vote on the General Budget Law, while he confirmed the pres...

Read the full article and more at https://myfxbuddies.blogspot.com/2021/01/saturday-edition-wots-extra-jan-30-21.html Experts: Changing the exchange rate means re-preparing the budget completely link In conjunction with the demands of some parliamentarians to raise the price of zero dinars against the dollar , economists stressed the difficulty of moving forward with this step, as it would mean a...

See the articles I discuss on this episode and MORE at   https://myfxbuddies.blogspot.com/2021/01/wots-tue-jan-26-21.html Parliamentary Energy: A meeting this evening to raise the price of a barrel of oil in the budget to 50 dollars link The Parliamentary Energy Committee announced, on Tuesday, its intention to raise the price of a barrel of oil in the budget to $ 50 per barrel, indicating th...

See the articles I discuss in this podcast and more at https://myfxbuddies.blogspot.com/2021/01/wots-mon-jan-25-21.html Iraq and Kuwait affirm the necessity of activating reconstruction projects and the outputs of the International Donors Conference link Parliament Speaker Muhammad Al-Halbousi met today, Monday, with his accompanying delegation, His Highness the Emir of the State of Kuwait, Sheikh...

This is a portion of the article I discussed in this episode you can see the rest at  https://myfxbuddies.blogspot.com/2021/01/wots-thu-jan-21-21.html The moment people gathered at a suicide bomber in Tayaran Square and blew himself up link Today, Thursday (January 21, 2021), a suicide bombing took place in Tayaran Square, in the center of the capital, Baghdad, which led to the deaths and inj...

You can see the articles I discuss and more at https://myfxbuddies.blogspot.com/2021/01/wots-wed-jan-20-21.html  Saleh congratulates Biden and invites him to take important steps link President Barham Salih congratulated, today, Wednesday, US President Joe Biden on the occasion of his swearing in and assuming his official duties. Saleh expressed his “aspiration to strengthen relations between...

See the rest and more at https://myfxbuddies.blogspot.com/2021/01/wots-tue-jan-19-21.html Washington is ready to solve the problems between Baghdad and Erbil link O n Tuesday, (January 19, 2021) the United States of America expressed its willingness to solve the problems between Baghdad and Erbil. The Patriotic Union of Kurdistan said in a statement affiliated with  IQ NEWS , "...

See the complete articles at https://myfxbuddies.blogspot.com/2021/01/wots-thu-jan-14-21.html Parliament keeps the debate on the draft budget open and sets a date for its holding link The Iraqi Council of Representatives announced, Thursday (January 14, 2021), the continuation of the session to discuss the draft budget law for 2021. The media department of the council said in a brief statemen...

See he complete report and MORE here https://myfxbuddies.blogspot.com/2021/01/wots-tue-jan-12-21.html Exchange rate regulations and policies link In order to finance international trade and financial exchanges across borders, banks and financial institutions around the world exchange no less than $ 5 trillion in currencies every day in the foreign exchange markets. That amount represents abou...

This is one of the articles I discuss the others are at the blog  https://myfxbuddies.blogspot.com/2021/01/wots-mon-jan-10-21.html Financial Committee: The budget will be delayed for 6 months if it is refused to pass it link Member of the Finance Committee, Representative Jamal Cougar, confirmed, on Saturday, that political parties stand against the passage of the budget, warning of the conse...

In this episode I cover a few articles that seem to point to another devaluation... The journey of devaluing the dinar is "not over" here ... The Finance Ministry is preparing for broad measures that it discussed for weeks and did not "reveal" link The Ministry of Finance in Iraq is preparing to take "supportive measures" to remedy the risks and effects that the raising of the dollar exchange rate...

You will have to go to blogsite posted below to see the full article. Market Review: "Stock Market Rallies on Currency Devaluation" link this gives a nice little history of the dinar imo For Iraq and its equity market the year ended the same way it began, with a bang that is much louder than its effect. The official IQD exchange rate versus the USD was reset from 1,190 to the new USD rate of 1,460...

This is the article I was reading from  Economic expert: Two reasons weakened the sale of the dollar in the Central Bank of Iraq - urgent link The economic expert, Manar Al-Obeidi, revealed, on Sunday, January 03, 2021, two reasons for the weakening of the sale of dollars in .the central bank, after the bank was selling 200 million dollars a day Al-Obaidi said in an exclusive interview with (...