My FX Buddies

Few currencies reflect a nation’s journey like the Iraqi Dinar . link to My FX Buddies Blog Once valued at $4 per dinar , Iraq’s currency symbolized wealth, stability, and global strength. But decades of wars, sanctions, and financial collapse shattered that prosperity—sending the dinar tumbling to as low as 3,000 per dollar . In this episode, we uncover the five key revaluations that shaped Iraq’...

The Governor of the Central Bank of Iraq , Ali Al-Alaq , has link to My FX Buddies Blog publicly denied any plan to change the dollar-to-dinar exchange rate , saying: “There is no talk or discussion within the Central Bank or the government about adjusting the official exchange rate.” His statement came during the Iraq Investment Forum , directly addressing days of speculation that Iraq might reva...

After more than two and a half years of suspension , link to My FX Buddies Blog the Kurdistan Region’s oil exports officially resumed — at a very specific time: 06:00 AM. But why that exact hour? According to technology consultant Kewan Hassan , it’s no coincidence. The timing is tied directly to global market integration and electronic trading systems that keep the world’s oil flowing in sync. Su...

After 18 years of division, Iraq has entered a new era of energy unity. link to My FX Buddies Blog The State Oil Marketing Organization (SOMO) has released the full details of the historic tripartite oil agreement between Baghdad, Erbil, and the international oil companies operating in the Kurdistan Region — a deal that could permanently reshape Iraq’s oil policy and financial future. At a press c...

After nearly two decades of conflict over oil, Baghdad and link to My FX Buddies Blog Erbil have reached a historic breakthrough . Prime Minister Mohammed Shia al-Sudani and Kurdistan Regional Government (KRG) President Masrour Barzani announced a comprehensive oil agreement that turns the page on one of Iraq’s longest-running disputes. S upport My FX Buddie s:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

An economic expert revealed that Iraq's gold reserves have reached record levels, link to My FX Buddies Blog unprecedented for the Central Bank, in a clear indication of the country's strengthening financial strength. Record growth in reserves Economic expert Munir al-Obaidi said in a post on his social media page on Wednesday, September 24, 2025, that the Central Bank of Iraq's gold r...

Iraq’s government is once again considering deleting three zeros from the dinar , link to My FX Buddies Blog a move that has stirred up both public concern and expert warnings. For ordinary citizens, the fear is clear: if salaries and pensions are not raised first, redenomination could make daily life even harder. Many Iraqis already struggle with weak wages, high costs, and inflation pressures. W...

After months of stalled negotiations, a breakthrough has link to My FX Buddies finally come: Baghdad, Erbil, and oil companies signed a tripartite agreement in Erbil to resume oil exports from Kurdistan’s fields. According to insiders, the deal was concluded during a high-level meeting between the Kurdistan Regional Government’s Ministry of Natural Resources, Iraq’s Federal Ministry of Oil, and re...

The Central Bank of Iraq has set a bold timeline: July 2026 link to My FX Buddies could mark the official end of all cash payments in government institutions and major facilities. According to Central Bank official Durgham Musa, trillions of dinars have already been paid electronically, with the Ministry of Interior operating completely cashless. The initiative is being driven under the direct sup...

Iraq’s public debt is rising at an alarming pace, raising fears about the future of the economy. Link to My FX Buddies Official figures show debt reaching 87.7 trillion dinars by mid-2025 , with both internal and external borrowing climbing. While Iraq’s debt-to-GDP ratio (42.9%) remains lower than countries like Lebanon or Sudan, experts warn that the nation’s heavy reliance on oil revenues makes...

Dogecoin — the internet’s favorite meme coin — link to My FX Buddies Blog just got its first U.S. ETF (DOJE) , and the ripple effects are being felt far beyond Wall Street. Surprisingly, Iraq — a country where crypto trading is banned — is leading the world in Dogecoin searches on Google Trends. 👉 Why are Iraqis so interested in Dogecoin? Years of inflation and sanctions have weakened trust in th...

Iraq is taking huge steps toward a cashless economy — link to My FX Buddies Blog and the results are starting to show. With more than 12 million electronic payment cards issued and thousands of point-of-sale devices deployed nationwide, Iraq is moving rapidly from a cash-heavy economy toward a more transparent and connected financial system. In this episode, we break down: How the Central Bank of...

Iraq’s gold imports have skyrocketed — hitting $30 billion in just the first half of 2025 — link to My FX Buddies and experts say this shift has turned gold from a simple commodity into a powerful financial tool, and in some cases, a shadowy cover for dollar shortages and smuggling operations. In this video, we explore: Why gold has become Iraq’s “second dollar” amid U.S. banking restrictions How...

After months of negotiations, Iraq and the Kurdistan Regional link to My FX Buddies Blog Government (KRG) have reached a major oil agreement that could reshape the country’s energy future. In this video, we break down today’s important decision by the Iraqi Council of Ministers, which voted on new mechanisms for handling foreign oil companies and the handover of Kurdish oil to Baghdad. Under the d...

Five years. Three exchange rate resets. And the crisis continues. link to My FX Buddies Blog Since the 2020 devaluation under Mustafa al-Kadhimi, Iraq has been struggling to stabilize its exchange rate. Al-Sudani’s government reduced the rate again in 2023, introduced an electronic platform for transfers, and eventually abolished it — yet the gap between the official and parallel market rates rema...

Iraq’s Central Bank is going global. link to My FX Buddies Blog Governor Ali Al-Allaq met with Bank of England Governor Andrew Bailey to discuss cooperation on digital currency, currency modernization, and foreign reserve management. Even more importantly, Iraq called on the Bank of England to support its effort to join the Bank for International Settlements (BIS) — the “central bank of central ba...

Iraq’s money is staying in the shadows — and it’s costing the economy. link to My FX Buddies According to the Central Bank of Iraq, 80% of Iraqi cash is kept in households rather than in banks — a sign of deep public distrust in the financial system. In this episode, we’ll explore: Why more than 15 trillion dinars remain hidden in homes How this phenomenon hurts economic activity and cash flow The...

Iraq’s banking sector has entered a decisive phase. link to My FX Buddies Blog The Central Bank of Iraq, working with international consultants, has set the end of September as the deadline for private banks to sign off on a revised banking reform paper — a move designed to finally shift reform from talk to action. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://ca...

The dollar is climbing again in Iraq — crossing 1,430 IQD — and here’s why. link to My FX Buddies Blog In this episode, we break down Prime Minister Al-Sudani’s financial advisor Mazhar Mohammed Salih’s latest statement explaining that speculators and cross-border traders are driving the rush toward the parallel market. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https:...

Iraq’s financial crisis is no longer a prediction — it’s a reality. link to My FX Buddies Blog This episode dives deep into the numbers and the human impact behind Iraq’s near-empty treasury. With 99.2% of oil revenues going to salaries , there is virtually no room left for investment, development, or economic growth. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://c...

Iraq is entering a new era of banking — one that goes link to My FX Buddies Blog beyond branches and paperwork and embraces a fully digital future. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠.Get a FREE transcript at:⁠⁠⁠⁠https://rss.com/podcasts/myfxbuddie...

In this video, I cover much more than just Iraq’s July salaries. link to My FX Buddies Blog Here’s what you’ll hear: Prime Minister Sudani’s standout appearance at NATO — his speech, the grand reception, and the key points from his meetings. The latest on Iraq’s oil agreement and what tomorrow’s Council of Ministers meeting could mean for July (and possibly August) payments. Updates on Venezuela a...

Iraq’s banking sector is at a pivotal crossroads . link to My FX Buddies Blog With pensioners facing delays, global scrutiny on dollar transactions, and over 80% of money circulating outside banks , the pressure to reform has never been greater. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠... . ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://pa...

Iraq faces a mounting financial bottleneck as pensioner link to My FX Buddies Blog salaries are delayed and fears grow that all government employees could soon be impacted. Despite official denials, liquidity issues in state coffers are becoming more visible. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠... . ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

Exciting figures are out — and Iraq is climbing the global crypto ranks. link to My FX Buddies Blog According to the Global Cryptocurrency Adoption Index (6th edition), Iraq is now ranked 44th out of 151 countries , putting it firmly in the top third worldwide for grassroots crypto use. Support My FX Buddies :⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.... ⁠...