My FX Buddies

The Iraqi dinar is a national issue ... Again link Your purchase in dinars enhances the ability to achieve sustainable development see the ad they are running on tv Encouraging the local currency and dealing with it in light of the current economic conditions that the country is experiencing is an important issue, especially with the government’s intention to “strengthen” the Iraqi dinar against o...

The Governor of the Central Bank of Iraq chairs the first meeting of the Iraqi National Payments Council link His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired the first meeting of the Iraqi National Payments Council after its restructuring. During the meeting, which was attended by officials from the Central Bank and representatives of the relevant ministrie...

Economic policy in Iraq is moving towards implementing the principle of monetary sovereignty ⁠link⁠ Saleh told the Iraqi News Agency (INA): “Economic policy in general and monetary policy in particular are moving towards a new principle called (monetary sovereignty), which considers the Iraqi dinar the only refuge for exchange, pricing, and coverage of internal transactions.” He added, "It is not...

Central Bank Governor: We agreed with America to leave the electronic platform at the end of the year link Coordination with the Treasury and the Federal Reserve Today, Friday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, announced the start of importing dollars into the country through the accounts of Iraqi banks abroad, and while he indicated the end of the procedures for opening accou...

The dinar begins its “recovery journey” against the dollar Unshackling the Iraqi dinar link The Iraqi dinar continues to recover against the US dollar in the local markets in light of the continued government measures to close the price difference, as the decline reached the limits of 158 thousand per 100 dollars, at a time when experts expected that this decline is “temporary.”Yesterday, Tuesday,...

Economist: There are no changes in the government program, and the official dollar rate will continue for 3 years link Economist Bassem Jamil Antoine believes that the official exchange rates for the dollar will continue for three years. Antoine told {Al-Furat News} that: “The official exchange rates for the dollar are stable now, and once the budget allocations are released, the unofficial rates...

A reading of the Central Bank’s decision to allow “importing the dollar”... What does it mean and how? link The instructions issued by the Central Bank of Iraq yesterday, Wednesday (November 8, 2023), regarding allowing banks to import foreign currency from abroad, raised a number of questions and discussions in economic circles about the legality, motives, and goals of this step. The discussion w...

Economist: The dollar exchange rate will be equal to the government price early next year ⁠ link Academic and economic expert Khaled Haider expected, on Tuesday, that the exchange rate of the US dollar against the Iraqi dinar on the black market would stabilize in parallel with the government pricing, starting next year . Haider said in a statement to Shafaq News Agency, “The global political situ...

Is there a conspiracy against the Iraqi dinar? Revealing the secret of the stagnation of the local market ⁠link⁠ The economic expert, Bassem Jamil Antoine, revealed today, Sunday, the secret of the stagnation of the local market, while confirming the existence of a conspiracy against the Iraqi dinar. Antoine said {to Al-Furat News} that: “The stagnation of the local market is due to the citizen’s...

Replacing the dinar with the dollar link Finally, the Central Bank of Iraq announced in a statement last week that “the coming year will witness the restriction of all internal commercial and other transactions to the Iraqi dinar instead of the dollar, except for those delivered to travelers.” Financing foreign trade will be directly for merchants dealing in remittances outside the electronic plat...

The dollar ignites Baghdad.. A citizen threatens to burn a bank and exchange companies close Al-Rashid Street Big Surprise!!! link A video recording monitored by Jarida, today, Thursday, showed a citizen threatening to burn a bank because he refused to hand over his deposits in US dollars, which raised fears of a repeat of the Lebanese experience in Iraq. According to the circulating video, the ci...

An economic expert details the cash conversion cycle of the #Iraqi dinar link The economist, Salah Nouri, detailed the monetary conversion cycle of the Iraqi dinar. Nouri said {to Al-Furat News} that: “The monetary cycle {the Iraqi dinar} exists between the Central Bank, as the monetary authority and the only authorized one to issue the national currency, and the Ministry of Finance, as the financ...

Al-Sudani: Iraq is on the right track link Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Saturday (September 30, 2023), that Iraq is on the right track by honoring the first students to graduate from preparatory school for the academic year 2022-2023.A statement from the Prime Minister's Media Office, received by "Baghdad Today", said, "Al-Sudani honored the top students and outstanding...

Al-Sudani returns to the country after concluding his visit to New York link they even tweeted about him being home too Prime Minister Muhammad Shiaa Al-Sudani returned, on Saturday, to Iraq after concluding his participation in the meetings of the 78th session of the United Nations General Assembly in New York, where he held many meetings with senior participating officials. The Sudanese Media Of...

Biden extends an invitation to meet Sudanese at the White House link to see this article in full and more go to: My FX Buddies Blog The leaders of the coordination framework remained silent about the news of the invitation sent to Prime Minister Mohamed Al-Sudani, who has been in New York for days to attend United Nations meetings, to meet with US President Joe Biden. During recent weeks, there we...

The US Assistant Secretary of the Treasury arrives in Baghdad to meet with Central Bank officials link The US Ambassador to Iraq, Alina Romanowski, announced on Tuesday the arrival of Assistant US Treasury Secretary Elizabeth Rosenberg to the capital, Baghdad.“I am pleased to welcome US Treasury Secretary Elizabeth Rosenberg to Baghdad,” Romanowski said in a blog post on theShe indicated that "pro...

Iraq's Qi Card to work with Samsung link Samsung Electronics Middle East has signed a memorandum of understanding (MoU) with Iraq's Qi Card. According to a press release from Samsung, the partnership " aims to provide advanced technological products and solutions to traders, citizens, and agents of both companies with attractive commercial offers throughout Iraq. "It adds: " The two companies will...

Iraqi Foreign Minister: I do not think that al-Sudani will meet with Biden link But he will head the delegation in New York. Iraqi Foreign Minister Fuad Hussein said that Prime Minister Muhammad Shia al-Sudani will head the Iraqi delegation to the meetings of the United Nations General Assembly in New York, and that he will deliver a speech and meet with a large number of world leaders.

The Dinar Support Committee is reassured about the dollar crisis: it will decrease after our step link to see this article and more go to: My FX Buddies Blog The Iraqi Dinar Support Committee intends to take new measures to limit the dollar's rise in the markets. A member of the committee, Omar Al-Sudani, said in a statement followed by “Earth News”, that “the committee, headed by the advisor to t...

Al-Alaq: The US Federal Reserve is asking us about the truth about “Indomie”... Do you like it ?that muc h link to see this article in full and more go to: My FX Buddies Blog The Governor of the Central Bank, Ali Al-Alaq, said, on Wednesday, that the international committees are asking the Iraqi authorities about the fact that .“Indomie” was imported in large quantitiesThis came during a meeting w...

Will Digital Banks lure Cash from under Iraqi Mattresses? To see this article in full and more go to: My FX Buddies Blog link Will digital banks lure out cash under Iraqi mattresses? In Iraq, years of economic and political instability have created an environment of mistrust that is leading many to avoid depositing their money in banks. The preference is to store cash at home. This tendency has un...

The Sudanese government acknowledges the experience of dollar speculators and counts on SeptemberThe Sudanese government acknowledges the experience of dollar speculators and counts on September link to see this article in full and more go to: My FX Buddies Blog On Sunday, the Iraqi government expressed its hope that the release of budget funds would contribute to reducing the price of the dollar...

The tripartite budget comes into effect link Today, Monday (August 7, 2023), the Iraqi Al-Waqa’i newspaper published the instructions for the tripartite budget, which entered into force. The Director General of the Iraqi Fact Sheet, Hanan Munther Nassif, said in a press statement followed by "Baghdad Today", that "the law's instructions for the tripartite budget have been published in the Official...

And finally.. 50 days after its approval.. the budget enters into force ⁠link⁠ to see this article and more go to: ⁠ My FX Buddies Blog⁠ The Parliamentary Finance Committee confirmed, today, Saturday, that the federal budget law will enter into force during the current week, pointing out that the budget instructions will be circulated to all ministries. Committee member Thamer Dhiban Al-Hamdani sa...

Central Bank: New decisions will be issued next week to reduce the price of the dollar in Iraq link Today, Thursday (August 3, 2023), the Central Bank of Iraq revealed new decisions that will be issued next week to reduce the price of the dollar in Iraq.. to be continued On Thursday, the Central Bank identified three categories of exchange companies for selling the dollar to travelers, and while i...