My FX Buddies

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...

Political tensions are once again colliding with Iraq’s fragile economy. link to My FX Buddies Blog As the Coordination Framework insists on nominating Nouri al-Maliki for prime minister, warnings are growing over American rejection , potential sanctions, and the economic fallout that could directly impact the Iraqi dinar . Political voices inside Iraq warn that Washington’s opposition cannot be d...

Iraq’s financial crisis is now directly impacting employee salaries, link to My FX Buddies Blog raising serious concerns about liquidity, budgeting, and economic stability. Economic expert Ahmed Al-Tamimi warns that the ongoing delay in salary payments is not a temporary cash issue, but the result of years of structural imbalances — including near-total reliance on oil revenues, weak non-oil incom...

A new proposal is emerging around Iraq’s official exchange rate — and it link to My FX Buddies Blog A Special Edition could have major budget implications. Financial and economic expert Haider Al-Sheikh says there is a proposal to adjust the official dollar exchange rate against the Iraqi dinar as a way to confront mounting economic pressure and boost state revenues. According to Al-Sheikh, the id...

For more than two decades, Iraq’s oil revenues have remained link to My FX Buddies Blog under strict financial oversight — not because the money doesn’t belong to Iraq, but because of legal, political, and historical constraints tied to the U.S. Federal Reserve. Economic expert Nabil Al-Marsoumi has outlined a detailed roadmap for freeing Iraqi funds from this grip, arguing that the current system...

The Iraqi dinar is no longer just a currency -it has become a pressure point in a much larger political and economic struggle. Link to My FX Buddies Blog Analysts argue that Iraq’s exchange-rate crisis reflects the deep fragility of a rentier, oil-dependent economy , where the dollar has shifted from a medium of trade into a tool of political influence. What once appeared as routine market volatil...

Fear has taken hold of Iraq’s currency markets. link to My FX Buddies Blog The Iraqi dinar continued its sharp decline on Tuesday, with the exchange rate for $100 rising to 157,000 dinars in Erbil — up from 149,000 dinars just one day earlier . Currency traders say the rapid move reflects widespread public concern and a growing rush to hold U.S. dollars instead of the local currency. According to...

Iraq’s currency stress is no longer a local issue — it’s unfolding alongside a powerful global signal. link to My FX Buddies Blog On Monday, the Iraqi dinar weakened sharply, reaching 151,500 dinars per $100 , as tightening electronic transfer procedures and escalating political pressure from Washington collided in the local market. Exchange officials warned that the rate could slide further towar...

A Return That Divides Iraq: Maliki Nominated for Prime Minister link to My FX Buddies Blog Iraq’s political scene has entered a decisive and highly sensitive phase. The Coordination Framework has officially announced the nomination of Nouri Kamel al-Maliki for the position of Prime Minister, presenting him as the candidate of the largest parliamentary bloc following an expanded leadership meeting....