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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 curre...

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 channel: ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 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 that paralyzes Baghdad's markets...

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...

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 t...

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,...

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...

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...

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 — link to My FX Buddies and it 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 idea involves raising the...

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 volat...

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 T...

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 toward...

Iraq is quietly accelerating its move away from dollar dependence. ⁠link to My FX Buddies Blog⁠ In this episode, we break down new conditions set by the Central Bank of Iraq for Iraqi banks that want to trade in foreign currencies other than the US dollar, including the euro, Chinese yuan, and UAE dirham. If you'd like to Support the channel: ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠⁠⁠...

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 meeti...

Anger is rising across Iraq as merchants protest new taxes ⁠link to My FX Buddies Blog ⁠ and higher customs tariffs, warning that the measures are crippling businesses and squeezing purchasing power. In this video, we break down what’s happening on the Iraqi ground, why traders are cancelling orders, and why prices are starting to feel heavier for everyday Iraqis. We also explain why the governmen...

The Central Banks price has been in effect since February 2023, explaining that it is related to the link to blog https://www.myfxbuddies.com/2026/01/o ... The Iraqi government and the Central Bank have officially adopted an exchange rate of 1,300 dinars per US dollar in the draft 2026 federal budget — and the reaction has been swift. But is this a setback… or a calculated monetary signal? If you'...

Can Iraq Redraw the Path to Dinar Stability | Dollar Fluctuations Explained Description link to My FX Buddies Blog The Iraqi exchange market has experienced noticeable dollar fluctuations in recent days — but is this a warning sign, or part of a deeper economic transition? In this episode, we break down what’s really happening behind the scenes as Iraq balances monetary discipline, digital customs...

At the start of 2026, Iraq’s currency market was hit by a sudden shock. ⁠ link to My FX Buddies Blog⁠ The US dollar surged rapidly in Baghdad exchanges, approaching 146,000 dinars, triggering what traders describe as commercial paralysis. Buying and selling halted as uncertainty spread, with demand for hard currency spiking sharply. In this video, we break down: What caused the sudden dollar jump...

A 10-minute reality check for anyone still holding Iraqi Dinar and wondering if it’s time to walk away. This is NOT hype, NOT fear — just grounded insight, encouragement, and a plan to move forward with or without the RV. Don’t Give Up… but Adjust Your Expectations Waiting is NOT a Financial Strategy Clive Thompson's Video The Global Currency Reset is almost here. What it means for your wealth. Th...

Iraq stands at a breaking point. A Trump adviser warns of ⁠link to My FX Buddies Blog⁠ “days Iraq has never seen before,” with threats of unprecedented sanctions, a dollar squeeze, and a financial war that could send the dinar spiraling. Meanwhile, Baghdad’s new parliament — aligned with factions and the PMF — vows to pass laws Washington considers a red line. If you'd like t o Support the chann e...

Iraq just announced a high-stakes plan for the 2026–2028 ⁠link to My FX Buddies Blog⁠ Securities Strategy — a roadmap designed to transform the Iraqi stock market into a regional financial center. This episode breaks down: Why Iraq wants to compete with regional hubs What “digital transformation & liquidity deepening” actually mean The risks: foreign investment, transparency, and execution Whe...

How much cash is REALLY sitting in the vaults of the Central Bank of Iraq? ⁠link to My FX Buddies Blog⁠ According to economist Nabil Al-Marsoumi, the number may surprise you — only 1.7 trillion dinars in physical cash. In this episode, we break down Iraq’s reserves into three categories: 🟡 Gold holdings — 28 trillion IQD 💵 Foreign investments — 98 trillion IQD 💸 Actual cash in vault — 1.7 trill...

Iraq is witnessing a shocking phenomenon: individuals with ⁠link to My FX Buddies Blog ⁠ no business history becoming billionaires in record time. In this episode of My FX Buddies, we take a deep, realistic look at: The shadow economy behind rapid wealth How the dollar platform & exchange rate gap created a “money machine” The role of front companies, fake invoices, & money laundering Why...

Iraq is facing new financial pressure — a growing deficit, rising link to My FX Buddies Blog ⁠ debt, and talk of borrowing to secure salaries. Outgoing PM Al-Sudani’s recent comments have intensified concerns: 👉 Is Iraq entering an economic crisis? 👉 Could borrowing impact employee salaries & purchasing power? 👉 Is removing the three zeros a solution — or a risk? In today’s episode we break...