My FX Buddies

Citizens across Baghdad are beginning to stockpile food and link to My FX Buddies Blog emergency supplies as tensions rise across the Middle East. With the ongoing confrontation involving Iran , Israel , and the United States , many Iraqis are preparing for possible disruptions to food supplies, fuel, and electricity. Although markets remain stable for now, experts warn that expanded conflict coul...

Tensions in the Middle East are beginning to affect one of the link to My FX Buddies Blog region’s most famous economic centers — Dubai . Reports indicate that some wealthy residents are paying enormous sums to leave the city temporarily amid fears that regional conflict could escalate. Private aviation companies say demand for charter flights has surged, with some families paying up to $200,000 t...

US President Donald Trump confirmed on Tuesday that the link to My FX Buddies Blog United States made mistakes in Iraq, including dispensing with military and government employees. Trump said in a press statement: “We are doing very well with regard to Iran, and if we hadn’t attacked them, a nuclear war would have broken out.” If you'd like to Support the channel: ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

The question is rising again across Iraq: My FX Buddies Link “Where’s the salary?” As Ramadan begins, many Iraqi retirees report delays in receiving their pensions through state banks including Rafidain Bank and Rasheed Bank. With increased living expenses during the holy month of Ramadan, delayed payments are creating frustration and hardship for citizens who depend entirely on their monthly enti...

Iraq is beginning to show early signs of economic strain. link to My FX Buddies Blog Fuel queues are forming in cities like Fallujah. The dollar exchange rate has surged past 160,000 dinars per $100. Gold prices are rising in Baghdad and Erbil. If yo u'd like to Support the channe l: ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠... . ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

Iraq’s economy depends almost entirely on oil exports link to My FX Buddies Blog passing through the Strait of Hormuz. If the strait were to close, economist Nabil Al-Marsoumi warns that Iraq could see oil revenues fall from nearly $7 billion per month to under $1 billion. If you'd like to Support the channel : ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠. ⁠...

Iraq is expanding its financial strategy — but financial link to My FX Buddies Blog pressure is rising at the same time. In this update, we break down: • The Central Bank’s move to allow dollar conversion into multiple currencies like the euro, yuan, and dirham • How this may reduce dependence on the US dollar • Why officials say this improves banking flexibility and global trade access • Growing...

The Iraqi dinar continues to weaken in the parallel market, link to My FX Buddies Blog reaching 153,000 dinars per $100 , while the Central Bank of Iraq says it is not responsible for the widening gap between the official and market exchange rates. In this update we break down: • Why the dollar is rising in the parallel market • The impact of the ASYCUDA customs system • Why traders are avoiding t...

Iraq is entering one of its most delicate political and economic moments. link to My FX Buddies Blog From sovereign guarantees for investors… To the Central Bank’s warning on financial fraud… To Chevron signing preliminary oil agreements under Prime Minister Sudani’s sponsorship… Meanwhile: • Maliki refuses to withdraw • Parliament faces constitutional deadline violations • Kurdish leadership push...

Iraq is standing at a dangerous financial crossroads. link to My FX Buddies Blog With oil prices hovering near $70 per barrel — far below the $84 needed to balance the budget — the country is facing a widening deficit, ballooning public salaries, and mounting IMF pressure. 📊 $96.9 billion spent 📉 $87.1 billion earned 💥 $9.8 billion deficit If you'd like to Support the channel: ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠...

Iraq’s parallel dollar market is surging again — and now link to My FX Buddies Blog members of parliament are openly criticizing the Central Bank. Economic expert Nabil Al-Marsoumi explains why the dollar is rising in the black market, linking it to: If you'd like to Support the channel: ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠... . ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

Iraq’s political crisis is deepening — and the stakes are rising fast. link to My FX Buddies Blog In this update: • The United States reportedly outlines 7 demands for Iraq’s next Prime Minister • Coordination Framework meetings collapse amid internal divisions • Maliki insists on running — despite growing resistance • US diplomats warn of possible sanctions • Hormuz closure fears spark economic a...

Something unusual is happening in Iraq. link to My FX Buddies Jets are filling the Middle Eastern skies. Banks are expanding digital platforms. Support for Maliki is quietly weakening. And Washington is adjusting its presence in the region. Individually, these are headlines. Together, they tell a bigger story. Tonight, we connect the dots. If you'd like to Support the chann el: ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

Iraqi MP Jamal Kochar says Iraq’s gold and foreign currency link to My FX Buddies Blog reserves remain “very good” and strong enough to protect the country from economic instability — even as gold prices surge past one million dinars per mithqal. So what’s really happening? Why are gold prices rising sharply in Iraq? Is the dollar weakness affecting the dinar? Are citizens hedging against uncertai...

Iraqi parliamentarian Jamal Kochar warns that Iraq is facing a link to My FX Buddies Blog serious cash crisis that could eventually force the government to adjust the value of the Iraqi dinar against the US dollar. Despite Iraq holding over $108 billion in currency reserves , Kochar explains that poor budget planning and falling oil prices have created a real liquidity problem. If the situation co...

Iraq is facing a serious financial shock as reports reveal that link to My FX Buddies Blog major government banks are running dangerously low on liquidity. According to informed sources, the government was forced to withdraw tens of trillions of dinars and billions of dollars from multiple banks just to cover salaries in recent months. Now, concerns are growing that employee and retiree salaries m...

Former U.S. President Donald Trump says Washington is link to My FX Buddies Blog post closely monitoring the selection of Iraq’s next prime minister and has “some options” regarding the political future of the country. Trump’s comments come amid heightened regional tensions and ongoing negotiations with Iran, with the U.S. hinting that military and diplomatic strategies could shift depending on de...

The US dollar is rising sharply in Iraqi markets, reaching over link to My FX Buddies Blog 151,500 dinars per $100 — even as the Central Bank insists the official exchange rate remains unchanged. Economic expert Shwan Hadi explains that global and regional geopolitical tensions are fueling the increase, pushing traders toward the parallel market. If you'd like to Support the channel: ⁠⁠⁠⁠ ⁠⁠⁠⁠...

The Governor of the Central Bank of Iraq has confirmed that link to My FX Buddies Blog the official dollar exchange rate remains fixed and will not change, despite recent fluctuations in the parallel market. According to Ali Al-Alaq, the rise in black market prices is driven by some traders turning to unofficial channels due to changes in import mechanisms. He emphasized that Iraq’s foreign curren...

Iraq is officially acknowledging what many citizens have been link to My FX Buddies feeling for months — a growing financial crisis. Former MP Baqir al-Saadi confirms that salary pressures, dollar instability, and exchange rate changes are now on the table, but any major decisions will fall to the next government. If you'd like to Support the chann el: ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://cash....

Who brought us to this stage? link to My FX Buddies Blog This is a question that runs through the mind of the Iraqi today as he walks through closed commercial streets, reading signs on their doors saying "Closed in protest against the customs tariff," and trying to understand how a technical file called "Prior Declaration" and "ASYCUDA System" turned into a strike th...

The Governor of the Central Bank of Iraq met with the U.S. link to My FX Buddies Blog Chargé d’Affaires to present Iraq’s reform plan for regulating dollar sales and foreign transfers. The United States praised the Central Bank’s progress and confirmed continued support through the Treasury Department and Federal Reserve. This update highlights growing financial cooperation between Iraq and the U....

Iraq’s Central Bank has sparked major controversy after link to My FX Buddies Blog ordering oil contractors to receive payments in Iraqi dinars instead of US dollars. Economic experts warn this policy could cause massive financial losses for Iraqi oil subcontractors, threaten over 50,000 jobs, and disrupt operations across the oil sector. In this video, we break down: If you'd like to Support...

Iraq has launched a nationwide security campaign to link to My FX Buddies Blog curb dollar speculation and stabilize the foreign exchange market. Security forces, in coordination with the Central Bank, are targeting unlicensed exchange shops and individuals accused of manipulating currency rates in Baghdad and several provinces. Authorities say these measures aim to control the parallel market, pr...

Amid growing fears of sanctions and economic pressure, Iraqi link to My FX Buddies Blog legal experts are pointing to a binding legal framework that could significantly limit Washington’s options. Iraqi legal expert and political analyst Ali Al-Tamimi says the Strategic Framework Agreement signed in 2008 obligates the United States to provide economic and social assistance to Iraq — and legally co...