My FX Buddies

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...

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...

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...

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...

Five years. Three exchange rate rese ts. 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 r...

Iraq’s Central Bank is going global. ⁠ Governor Ali Al-Allaq met link to My FX Buddies Blog⁠ 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...

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 T...

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. Su pport My FX Buddie s:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ htt...

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. S upport My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

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...

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. S upport My FX Buddie s:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠ . ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠ . ⁠⁠⁠⁠ With the launch of e-wallets and preparations fo...

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...

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...

Iraq’s economy faces a critical test. For decades, oil revenues ⁠ https://www.myfxbuddies.com/2025/09/l ... link to My FX Buddies blog⁠ have carried the country, but experts warn that this rentier system is unsustainable — especially when liquidity dries up and imports outweigh exports. Parliament members and economic experts argue Iraq must urgently: Diversify revenue streams beyond oil Strengthe...

The Central Bank of Iraq announces the launch of reciprocal money transfer link to My FX Buddies Blog services via e-wallets, enabling individuals and business owners to conduct their financial transactions with greater speed and flexibility. This means using your digital wallet to pay a business directly. U.S. Examples: Apple Pay / Google Pay: You tap your phone at Starbucks and it takes money fr...

The United States has issued a serious warning to Iraq: link to My FX Buddies Blog ⁠ Stop the smuggling of dollars to Iran, or face the possibility of being cut off from the U.S. dollar system. According to exclusive reports, the U.S. Federal Reserve is considering economic sanctions that would choke Iraq’s access to hard currency — a move that could trigger a severe crisis in Baghdad’s financial...

Iraq’s financial market is feeling the pressure in 2025. ⁠ link to My FX Buddies Blog⁠ Investor withdrawals and declining deposits are squeezing banks and the Iraq Stock Exchange, which saw monthly trading values collapse from 53 billion to just 22 billion dinars. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠ . ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

Iraq is taking another big step toward a digital economy. link to My FX Buddies Blog ⁠ Central Bank Governor Ali Al-Alaq confirmed new rules and requirements that push the country toward electronic payments instead of cash. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠ . ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠ https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠...

Baghdad is preparing to release the sixth month of salaries https://www.myfxbuddies.com/2025/08/s ... ⁠link to My FX Buddies Blog⁠ for Kurdistan Regional Government (KRG) employees — but the transfer may not happen until Sunday. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ... . ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠ https://paypal.me/tishwash⁠⁠⁠⁠...

Baghdad is preparing to release the sixth month of salaries https://www.myfxbuddies.com/2025/08/s ... ⁠link to My FX Buddies Blog⁠ for Kurdistan Regional Government (KRG) employees — but the transfer may not happen until Sunday. Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠ https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ... . ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠ https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠...

A high-stakes showdown is unfolding in Erbil as a powerfu l ⁠link to My FX Buddies Blog⁠ Iraqi delegation meets with the Kurdistan Regional Government to resolve a major salary crisis that has left doctors, teachers, and government employees waiting over 42 days for their paychecks. With tensions running high, the Kurdish region is stuck in a financial chokehold — protests are erupting, markets ar...

Stay tuned... A high-stakes meeting is set to take place in Baghdad ⁠ link to My FX Buddies Blog⁠ as leaders from the Kurdistan Region and the Iraqi federal government come together to discuss the re-export of Kurdish oil. This expanded meeting, involving top officials like Deputy Prime Minister Fuad Hussein, the Iraqi Oil Minister, and the Minister of Natural Resources from the Kurdistan Regional...

“Iraq hasn’t had a moment like this in years — peace in the region, calm in the markets, link to My FX Buddies Blog⁠ and a golden opportunity to rise. The only question: will they take it… or let it slip? ⁠ 🌍 Iraq stands at a pivotal moment — a golden opportunity is here. But will it be seized or squandered? With the ceasefire between Iran and Israel calming regional tensions, Iraq now finds itse...