My FX Buddies

Prime Minister's Advisor: We will see the dollar fall on the black market soon link to My FX Buddies Blog post Al-Sh ammari said in a press statement received by Al-Maalouma, that “the classification of financial institutions in Iraq according to World Bank reports is positive, and the Central Bank’s classification is A++ and exceeds the Emirati classificatio n.” He added, "Iraq wants to join the...

The Association of Private Banks appreciates the efforts of the government and the Central Bank to create understandings with the Treasury, the Federal Reserve, and international banks ⁠link⁠ to My FX Buddies Blog Al-Han dal appreciated the efforts of the Iraqi government and the Central Bank of Iraq to create deeper understandings with international banks, the Federal Reserve, and the US Treasury...

Completion of the files for the initial offer of goods and services within the files for accession to global trade link to My FX Buddies Blog Al-Ghurairi pointed out that "the World Trade Organization (WTO) and the international circles welcomed Iraq's return to the negotiating table, especially since it is one of the important Arab economies that i s still outside the organization, as he describe...

Iraq relies on Iran for energy, food, and mitigation efforts link to My FX Buddies Blog The water crisis in Iraq has become increasingly severe and has clearly begun to affect agricultural activity, reducing the country's food self-sufficiency. This crisis has opened the door to direct financial benefits for Iran, the neighboring country that is believed to have a role in exacerbating this crisis....

Al-Sudani returns to Baghdad after concluding his visit in Washington ⁠link⁠ to My FX Buddies Blog The Prime Minister returns to the capital, Baghdad, after concluding his official visit to the United States of America. The Prime Minister’s Media Office said in a statement received by the Iraqi News Agency (INA): “Prime Minister Muhammad Shia al-Sudani returned to the capital, Baghdad, after concl...

A Fistful of Dinars: Demystifying Iraq's Dollar Auction link to My FX Buddies Blog The Central Bank of Iraq's (CBI) dollar auction has been a continuous source of controversies and conspiracy theories. The main accusations facing it include: the siphoning of dollars to Iran, money laundering, and currency smuggling. Missing from this melee is an understanding of the economy's key structural imbala...

The Article 140 Committee announces the start of distributing the amounts link to My FX Buddies Blog The Article 140 Committee in Kirkuk Governorate announced, on Tuesday, the start of distributing sums of money to the deportees after the arrival of bonds worth more than 8 billion dinars from the public center. The head of the committee, Babiker Siddiq Ahmed, told Shafaq News Agency, “A new batch...

After 21 years of the dollar auction... Iraq is close to closing the window amid reassurances and warnings ⁠link⁠ to My FX Buddies Blog Iraq is approaching the end of the closure of the dollar selling window at the Central Bank - which has been controversial - over the past two decades. The Central Bank's management plans to gradually cancel the dollar auction during the year 2024, leading to its...

Abdel Wahed: The Sudanese visit to Washington is important and will restore stability to the dinar price ⁠link⁠ to My FX Buddies Blog Abdul Wahed said in a blog post seen by Mail, “The Prime Minister’s visit to the United States of America comes at an important time, and will be a transition towards a new phase of relations, especially since the visit is evidence of the Iraqi desire to build a sus...

Al-Sudani will stay in America for a week.. And Will Visit TEXAS! ⁠link⁠ to My FX Buddies Blog He stated that “the goal of the visit is to move relations with the United States to a new stage that includes activating the provisions of the Strategic Framework Agreement, which is in line with our government’s program that focuses on economic and financial reforms and other important fields, as well...

The dollar is on the Sudanese dialogue table in Washington.. Al-Awadi talks about the future of the Iraqi dinar ⁠link⁠ to my FX Buddies Blog The Iraqi government spokesman, Bassem Al-Awadi, confirmed today, Thursday (April 11, 2024), that the dollar file and the work of banks will be strongly present during the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington, suggesting that the din...

Government spokesman: We have adopted the principle of productive borrowing and integration into the international economic cycle ⁠link⁠ to My FX Buddies Blog post Government spokesman, Bassem Al-Awadi, said on Monday, April 8, 2024, that the government has followed the principle of productive borrowing and integration into the international economic cycle. Al-Awadi issued a statement, seen by Ult...

Al-Rafidain Bank announces the launch of the comprehensive banking system in its branches in Baghdad and Karbala link Based on the directives of the Minister of Finance, Ms. Taif Sami, regarding the automation of banking work, and with direct follow-up and supervision by the Director General of Rafidain Bank, Dr. Ali Karim Hussein. Al-Rafidain Bank announces the launch of the comprehensive banking...

The beginning of “drying up” liquidity from the hands of the Iraqis.. The destruction of “surplus” currency and deposits in banks are the highest historically link Over the past years, all of the economic problems in Iraq internally, whether with regard to corruption, the dollar, high real estate prices, etc., as well as inflation, were directly linked to the high volume of liquidity and the print...

Minister of Finance of the World Bank: We have made plans to accelerate the pace of financial and banking reforms link to My FX Buddies blog The Ministry of Finance said in a statement received by the Iraqi News Agency (INA): “Minister of Finance, Taif Sami, received today the Regional Director for the Middle East at the World Bank, Jean-Christophe Carré, the Special Representative of the Bank in...

Al-Sudani receives an invitation from the Saudi Crown Prince to participate in the World Economic Forum ⁠link⁠ to My Fx Buddies Blog Today, Monday, Iraqi Prime Minister Muhammad Shia al-Sudani received an official invitation from Saudi Crown Prince Mohammed bin Salman to participate in the special meeting of the World Economic Forum, which the Kingdom will host at the end of next April. This was m...

Advisor to Al-Sudani: The dollar is on the way to further decline, and 70% of Iraqi traders have entered the platform ⁠link⁠ to My FX Buddies Blog Fadi Al-Shammari, advisor to the Prime Minister, Muhammad Shiaa Al-Sudani, expected on Wednesday (March 27, 2024) a continued decline in the dollar’s ​​exchange rate against the dinar. Al-Shammari said in a televised statement followed by “Baghdad Today...

The National Bank of Iraq announces the success of working with the global “Temenos” systems in compliance with the Central Bank ⁠link⁠ “Our new banking system, which was launched at the beginning of this year, will contribute to improving the efficiency of operations, which reduces the time and effort spent on completing transactions and enhances their accuracy. The system allows customers to car...

Al-Sudani will visit Washington next month and discuss the dollar and the development of the military mission ⁠link⁠ to My FX Buddies Blog White House Press Secretary Karine Jean-Pierre said on Friday that US President Joe Biden will welcome Iraqi Prime Minister Muhammad Shia al-Sudani to Washington on April 15 to discuss common priorities regarding the dollar and developing the military mission....

Central Bank of Iraq": Our goal is to preserve the reputation of the banking sector ⁠link⁠ to My FX Buddies Blog Deputy Governor of the Central Bank of Iraq, Ammar Hamad, told News Arabia that the bank is working to lift the US ban on dealing in dollars in a number of Iraqi banks, and to preserve the reputation of the banking sector.

Prime Minister: Iraq is about to host important events and conferences link to the MyFX Buddies Blog The Prime Minister stressed that “a city the size of the capital, Baghdad, is in dire need of large hotels, due to the tourist movement and official delegations it witnesses, and the fact that it hosts many Arab, regional and international conferences throughout the year, with the hotel occupancy r...

Central Bank to increase the value of the dinar and control the market link The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibili...

Financial digitization.. a factor to reduce inflation and absorb hoarded funds link Economic affairs specialists have identified the most prominent advantages that digital transformation can achieve in banking, placing at the forefront of these advantages the elimination of inflation through the use of small denominations, and the absorption of citizens’ hoarded cash mass, estimated at more than 9...

Barzani thanks Bush for liberating Iraq from Saddam's regime ⁠link ⁠ A statement issued by the Presidency of the Region today, Wednesday (March 6, 2024), received by “Baghdad Today”, stated that “as part of his visit to the United States, the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, met (yesterday), Tuesday, with former US President George W. Bush.” . During the meetin...

With a dollar bill... Deputy: The US Treasury is putting pressure on Iraq. link Today, Sunday, the representative of the Fatah Alliance, Ola Al-Nashi, accused the US Treasury Department of obstructing the Iraqi government’s reforms in light of waving the economic card through the dollar file. Al-Nashi told Al-Maalouma, “The economics file is more important than politics and what is happening in it...