My FX Buddies

Prime Minister Mohammed Shia al-Sudani is preparing for a ⁠ link to My FX Buddies Blog⁠ high-stakes visit to Washington — just days before the U.S. elections. After months of tense silence, a phone call between Sudani and U.S. Secretary of State Marco Rubio reopened diplomatic channels. The conversation focused on oil exports, U.S. business deals, and the long-standing issue of armed factions insi...

Central Bank Governor Ali Al-Alaq confirmed that the three-year budget "included very large link to My FX Buddies Blog expenditures and a high deficit," noting that the issue of removing zeros from the Iraqi dinar may witness developments in the coming period. The Central Bank of Iraq is taking center stage again — revealing its next big steps in currency reform. Governor Ali Al-Alaq confirmed tha...

This article hits multiple major themes: currency pressure, oil dependency, monetary reform, and the push for diversification. ⁠ Link to My FX Buddies Blog ⁠ The Iraqi dinar is facing one of its biggest tests yet — losing value amid oil dependence, limited trust in banks, and rising demand for the dollar. In this episode, we explore the warning signs and opportunities behind the current currency p...

Iraq is entering a new phase of digital reform — My FX Buddies Blog⁠ and this time, it’s transforming how money moves, how banks operate, and even how corruption is tackled. Experts say digital transformation is not just modernization — it’s the key to restoring public trust, enhancing transparency, and driving faster, safer financial systems. Su pport My FX Buddie s: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

Bullet Point Summary: ⁠ link to My FX Buddies Blog⁠ Iraq Takes the Spotlight: A high-level Iraqi delegation presented its financial reform progress at a Washington banking conference, marking a test of credibility before global institutions. Government’s Reform Roadmap: Advisor Saleh Mahoud Salman outlined strategic reforms — restructuring state banks, expanding financial inclusion, and digitizing...

Iraq has stepped into the spotligh t in Washington, D.C. 🇮🇶✨ ⁠link to My FX Buddies Blog⁠ Finance Minister Taif Sami presented Iraq’s Vision 2050 — a bold, long-term plan to reduce oil dependence, empower the private sector, and strengthen non-oil industries like energy, transportation, and technology. During meetings with the World Bank, IMF, and global financial leaders, Iraq outlined its ambit...

Iraq’s Central Bank is making bold moves — link to My FX Buddies Blog increasing gold reserves to 170 tons and preparing to remove zeros from the dinar. But is this true reform or just a cosmetic fix? Deputy Governor Ammar Khalaf says the goal is to reduce costs, improve circulation, and modernize Iraq’s financial system — yet economists warn of potential risks if timing and communication aren’t h...

Iraq’s Central Bank just made two major revelation s: link to My FX Buddies Blog ⁠ 💰 Gold reserves have nearly doubled to 170 tons, now representing 20% of the CBI’s total assets. Support My FX Buddie s: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

The clock is ticking for Iraq’s 2025 budget ⏰ ⁠My FX Buddies Blog⁠ With the year nearly over, Parliament still hasn’t received the draft schedules — and experts are warning of major consequences if Iraq enters 2025 without an approved general budget. Support My FX Buddie s: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

Iraq’s Central Bank is leading three groundbreaking projects ⁠link to My FX Buddies Blog⁠ Rise! to the Ranks of Developed Countries that could reshape the nation’s financial landscape — the local electronic card, rapid payment system, and digital billing platform. According to Prime Minister’s Banking Advisor Saleh Mahoud, these initiatives will usher Iraq into the ranks of digitally advanced econ...

Iraq’s financial advisor, Mazhar Mohammed Salih, link to My FX Buddies Blog ⁠ announced that the country is witnessing unprecedented monetary stability. ⁠ Support My FX Buddies: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠ Inflation is below 3%, unempl...

The Central Bank of Iraq has officially confirmed receiving ⁠ link to My FX Buddies Blog ⁠ nearly 80 applications to establish digital banks — a major milestone in the country’s financial transformation. Governor Ali Al-Alaq revealed that only a few will be licensed, with international consultancy Oliver Wyman overseeing final approval standards. The announcement marks a decisive step toward a cas...

Iraq’s Prime Minister Mohammed Shia al-Sudani has declared that the link to My FX Buddies Blog country’s exchange rate reform and monetary restructuring should stand as a model of commitment and confidence across the region. In partnership with KPMG, a global financial audit firm, Iraq is reinforcing its financial credibility, improving compliance with international standards, and accelerating its...

Iraq’s banking system is facing a deep credibility crisis. ⁠ link to My FX Buddies Blog⁠ Major state-owned banks like Rafidain are halting loans, reverting to paper-based systems, and sidelining automation — a major step backward for a country striving toward financial reform and digital transformation. Financial experts warn that without modernization, transparency, and electronic integration, Ir...

Iraq is stepping into the future — with artificial intelligence link to My FX Buddies Blog ⁠ and digital transformation now entering the nation’s economic oversight system. The Competition and Antitrust Council announced plans to use AI tools to track market trends, detect price manipulation, and prevent monopolies — a groundbreaking move to modernize Iraq’s economy and align with global standards...

Iraq’s Central Bank is once again at the center of the financial storm —⁠ link to My FX Buddies Blog⁠ facing challenges from both private banks and foreign regulations that shape how dollars move through the country. Economic expert Salah Nouri says the responsibility for controlling the exchange rate rests firmly with the Central Bank — but the reality is complex. With private banks operating out...

Iraq is no longer the “risk zone” investors once avoided — it’s rapidly ⁠link to My FX Buddies Blog ⁠ becoming one of the Middle East’s most promising investment destinations. With trade booming, anti-corruption reforms underway, and massive infrastructure needs, Iraq is turning into a goldmine for regional and international investors. 💼 Turkish, Saudi, and international business leaders are floc...

In the heart of the Middle East’s new economic map, Iraq faces a make-or-break moment. ⁠link to My FX Buddies Blog⁠ As the region surges ahead with economic corridors, reconstruction plans, and digital finance revolutions, Iraqi banks remain trapped in dollar dependency and outdated systems. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://cash.app/$t...

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 revalu...

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. Sup...

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...

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 reserves exce...

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...

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...

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 mak...