My FX Buddies

Tish Washington

Iraqi news mostly regarding movement in the process of them increasing the value of their currency the Iraqi Dinar.

  1. 4h ago

    IRAQ’S BANKS STOP LENDING?! WHAT’S REALLY GOING ON

    Iraq's three-zero currency story just became even more complicated.https://www.myfxbuddies.com/2026/08/us-pressure-to-remove-3-zeros.htmlFour reports emerging today are putting new attention on Iraq's long-discussed plan to remove three zeros from the Iraqi dinar — but the reports don't all tell exactly the same story.One report claims that US pressure is being applied to Baghdad to accelerate the process, allegedly as part of efforts to combat money laundering and bring cash back into the formal banking system.Other reports focus on discussions between Iraq's Parliamentary Finance Committee and the Central Bank, preparations for redesigned banknotes, possible legislation, and the potential timeline for a gradual currency transition.Some reports even state that a decision has already been made, while the Central Bank of Iraq has not publicly provided a formal implementation timetable.So what should ordinary Iraqis believe?In today's video, we're putting all four reports side by side and looking at what they actually say — where they agree, where they differ, and what questions still need official answers.Most importantly, we'll discuss the difference between removing three zeros from the currency and actually increasing the value or purchasing power of the Iraqi dinar.This is not a prediction that a currency revaluation is about to happen.It is an examination of the information being reported today and the questions Iraqis deserve clear answers to.The biggest question may be the simplest: What will the Central Bank of Iraq officially say?https://tinyurl.com/godhastheanswersGet a free transcript https://rss.com/podcasts/myfxbuddies📌 Disclaimer: This video is for news, commentary, and educational discussion. It is not financial or investment advice. The information presented reflects the source material and analysis available at the time of publication.#Iraq #iraqiDinar #iqdrv #IraqiDinar

  2. 1d ago

    IRAQ’S BANKS STOP LENDING?! WHAT’S REALLY GOING ON

    Are Iraq’s government banks pulling back from lending?🏦https://www.myfxbuddies.com/2026/08/iraqs-banks-stop-lending-whats-really.htmlA new report says that most government banks in Iraq have ceased or significantly reduced their credit activity, with some reportedly lacking clear credit plans for the current year.According to the source, this decline has affected a range of lending programs, including construction and renovation loans, small and medium-sized business financing, investment loans, housing projects and electronic personal loans.That raises a much bigger question:If Iraqi banks aren't actively providing credit, how can businesses, investors and productive sectors get the financing they need to grow?In this video, we examine the latest report and what it could mean for Iraq's economy and banking sector.We'll look at:🔹 Why lending activity has reportedly declined at government banks🔹 The absence of clear credit plans at a number of banks🔹 Construction and renovation financing🔹 Small and medium-sized business loans🔹 Investment and housing financing🔹 Electronic personal loans🔹 Why reduced bank lending could affect economic activity🔹 The role government banks are expected to play in supporting investment🔹 Why Parliament and the Parliamentary Finance Committee are being urged to examine the issue🔹 Why clear, measurable credit plans could be important for Iraq's economic developmentThe report specifically raises concerns about whether government banks are fulfilling their role in financing productive and investment sectors and supporting Iraq's economic activity.At a time when Iraq is trying to strengthen its banking system, diversify the economy and increase investment, access to credit matters.So is this simply a temporary slowdown - or is Iraq facing a much bigger banking and credit problem?https://tinyurl.com/godhastheanswersGet a free transcript https://rss.com/podcasts/myfxbuddies📌 Disclaimer: This video is for news, commentary, and educational discussion. It is not financial or investment advice. The information presented reflects the source material and analysis available at the time of publication.#Iraq #iraqiDinar #iqdrv #IraqiDinar

  3. 5d ago

    JPMORGAN & IRAQ: A FINANCIAL POWER SHIFT?

    Is JPMorgan taking a larger role in Iraq's financial system—and could https://www.myfxbuddies.com/2026/08/iraqs-treasury-is-running-out-of-time.htmlthat change how Iraqi money and foreign trade move through the banking system?A new warning from political researcher Hussein Al-Shalakh is raising questions about the expanding role of JPMorgan Chase in Iraq's financial transactions, including imports, foreign trade and the movement of Iraqi funds.According to the report, Al-Shalakh argues that greater reliance on JPMorgan could potentially shift a significant portion of Iraq's financial activity toward a new international banking route, raising concerns about Iraq's financial sovereignty and the role of the Central Bank of Iraq.The discussion comes as Iraq continues its banking and financial reforms while attempting to strengthen its banking system, improve international financial transactions and reduce vulnerabilities created by dependence on oil revenues and foreign financial systems.But there is an important distinction: the article presents these concerns as the warning of a political researcher. It does not establish that JPMorgan has taken control of Iraq's money or replaced the Central Bank of Iraq.So what exactly is JPMorgan's role?Could Iraqi oil revenues, imports and foreign trade become increasingly dependent on JPMorgan?Could this create a new financial route for Iraq—or create greater dependence on an international bank?And perhaps the biggest question:Who ultimately controls the movement of Iraq's money?In this video, we break down the claims, the concerns surrounding JPMorgan's involvement, the Central Bank of Iraq, Iraqi oil revenues, foreign trade, banking reform and what this could mean for Iraq's financial sovereignty.Iraq's banking system is changing—and this is a story worth watching.https://tinyurl.com/godhastheanswersGet a free transcript https://rss.com/podcasts/myfxbuddies📌 Disclaimer: This video is for news, commentary, and educational discussion. It is not financial or investment advice. The information presented reflects the source material and analysis available at the time of publication.#Iraq #iraqiDinar #iqdrv #IraqiDinar

  4. 5d ago

    The Iraqi Dinar Could Be Changing But Here’s What The CBI Is Actually Discussing

    Iraq’s Central Bank is discussing the possibility of removing zeros from the Iraqi dinar — but this is NOT yet a final decision. https://www.myfxbuddies.com/2026/08/iraqs-central-bank-finally-speaks.html link to My FX Buddies BlogA new report from Al-Mustaqilla says the issue of removing zeros and modernizing Iraq’s currency and monetary system is currently being discussed within the Central Bank of Iraq. According to the report, several scenarios are being considered, including modernizing the banking system while keeping the current currency, removing zeros while maintaining the real value of the dinar, or combining currency restructuring with broader monetary and banking reforms.So what does “removing zeros” actually mean?If three zeros were removed, for example, 1,000 old dinars could become 1 unit of a new currency, with prices, salaries, deposits, debts and contracts converted accordingly. That does not automatically mean the Iraqi dinar gains purchasing power or suddenly increases in value against the U.S. dollar.The report also raises some of the biggest questions Iraq would have to answer before any implementation could happen:🔹 Would the Central Bank remove zeros while keeping the dinar's real value unchanged?🔹 What would happen to salaries and pensions?🔹 How would bank deposits and loans be converted?🔹 What happens to contracts and real estate transactions?🔹 How would cash outside the banking system be handled?🔹 Would there be a period of dual circulation?🔹 Would Parliament need to approve new legislation?🔹 What would happen to the Iraqi dinar's exchange rate against the dollar?The report says the Central Bank may issue a clarification explaining its position and whether the project will move forward or remain under study.This is the important distinction: discussion is not implementation, and discussion is not an announced revaluation.The bigger story may be what this tells us about Iraq's monetary and banking reform plans.What do YOU think? Is removing zeros becoming a serious possibility—or is Iraq still years away from implementation?Iraq’s Central Bank is discussing the possibility of removing zeros from the Iraqi dinar — but this is NOT yet a final decision.https://tinyurl.com/godhastheanswersGet a free transcript https://rss.com/podcasts/myfxbuddies

  5. 6d ago

    3 ZEROS: DECISION MADE? Iraq's Central Bank Hasn't Said Yay or Nay.

    Is Iraq preparing to remove three zeros from the Iraqi dinar — or is the market getting ahead of an official decision? https://www.myfxbuddies.com/2026/08/3...The Central Bank of Iraq remains silent as conflicting statements continue to circulate about changing the Iraqi currency and removing three zeros.Communications Minister Mustafa Sand reportedly stated that a decision to change the currency and remove zeros had been “issued.” But the Central Bank of Iraq — the institution responsible for issuing Iraq's currency — has not publicly confirmed that a final decision has been made.That silence is raising major questions.A member of the Parliamentary Finance Committee recently said the proposal to remove zeros was being discussed at the Central Bank. Now economic experts are warning that conflicting statements could create confusion for Iraqi citizens, savers and the currency market.In this video, we look at:🔹 What the Central Bank has — and has NOT — officially confirmed🔹 The latest statements about removing three zeros from the Iraqi dinar🔹 Why the Central Bank's silence matters🔹 The difference between a proposal, a draft law, a discussion and an actual decision🔹 What would have to happen before a currency change could actually be implemented🔹 New Iraqi currency designs, printing and exchange procedures🔹 What could happen to cash held outside the banking system🔹 How large cash holdings could be handled under anti-money-laundering rules🔹 Why removing zeros does not automatically increase purchasing power🔹 Why the timing and mechanism of any currency exchange would be critical🔹 What Iraqi citizens and the dinar market should watch for nextThe Central Bank previously indicated that currency restructuring and removing zeros would require legislation. So the biggest question right now remains:WAS THE DECISION ACTUALLY MADE?Follow along as we continue following Iraq's banking transformation, financial reforms, investment opportunities and economic future. 🇮🇶🏦💰https://tinyurl.com/godhastheanswersGet a free transcript https://rss.com/podcasts/myfxbuddiesUntil the institution responsible for Iraq's currency provides an official announcement explaining the decision, timing, exchange mechanism and implementation details, this story should be treated as developing — not as a completed currency change.💰 Stay informed. Stay grounded. Follow the facts.📌 Disclaimer: This video is for news, commentary, and educational discussion. It is not financial or investment advice. The information presented reflects the source material and analysis available at the time of publication.#Iraq #iraqiDinar #iqdrv #IraqiDinar #Dinar #ExchangeRate #CentralBank #IraqEconomy #FinancialNews

  6. Aug 17

    IRAQ'S DINAR RESET? A MINISTER JUST GAVE US A CLUE?

    Did Iraq's Communications Minister just reveal something important about the future of the Iraqi dinar? https://www.myfxbuddies.com/2026/08/iraqs-dinar-reset-minister-just-gave-us.htmlA new statement circulating from Iraqi Communications Minister Mustafa Sanad has drawn attention to the possibility of currency reform, changing the Iraqi currency, and potentially removing zeros from the Iraqi dinar.The comments come as Iraq continues its broader financial and banking reform efforts, putting the country's monetary system under intense scrutiny.But what exactly did the minister mean?Is Iraq actually preparing for a currency change? Could removing zeros from the Iraqi dinar become part of a larger monetary reform program? Or was the minister simply discussing a possible future direction for Iraq's monetary system?In this video, we're breaking down the statement, what dropping zeros actually means, what it does — and does NOT — mean for the value of the dinar, and why this latest comment is getting attention.We'll also look at the bigger picture surrounding Iraq's banking reforms, monetary policy, currency reform, the Central Bank of Iraq, liquidity, and the future of the Iraqi dinar.⚠️ Important: The video discusses the reported statement and its potential implications. It should not be interpreted as confirmation that a currency redenomination or removal of zeros has been officially announced.Could Iraq's currency reform plans finally be moving forward? Let's take a closer look.Follow along as we continue following Iraq's banking transformation, financial reforms, investment opportunities and economic future. 🇮🇶🏦💰https://tinyurl.com/godhastheanswersGet a free transcript https://rss.com/podcasts/myfxbuddies📌 Disclaimer: This video is for news, commentary, and educational discussion. It is not financial or investment advice. The information presented reflects the source material and analysis available at the time of publication.#Iraq #iraqiDinar #iqdrv #IraqiDinar

  7. Aug 15

    Iraq's 2027 Budget Is Coming And It Could Impact the Dinar!

    Iraq has officially begun preparing its 2027 federal budget, https://www.myfxbuddies.com/2026/08/iraqs-2027-budget-is-coming-and-it.html and this year's budget process could be especially important for the country's financial stability, oil revenues, government spending and the Iraqi dinar.The Ministry of Finance has started preparing the 2027 Iraq budget, while the Parliamentary Finance Committee says the Grants and Borrowing Law will receive its first reading next week.Officials say Iraq needs a budget in order to achieve financial stability, with the budget expected to play a role in determining the exchange rate, oil price assumptions, export mechanisms and government financial operations.At the same time, Iraqi Prime Minister's financial and economic advisor Mazhar Muhammad Salih has described the 2027 budget as more than simply an annual spending plan. He says the budget should become a tool for reorganizing Iraq's financial and economic structure, improving government spending, expanding non-oil revenues and linking government spending to measurable results.In this video, we examine what Iraq's 2027 budget could mean for the country's economy and the Iraqi dinar.We'll look at:Iraq's 2027 federal budget💵 Potential implications for the Iraqi dinar🏦 Iraq's financial stability🛢️ Oil prices and oil export mechanisms💰 Government spending and non-oil revenues📋 The new Grants and Borrowing Law🏛️ Parliament's role in approving the budget📈 Program and performance-based budgeting💳 Iraq's financial and economic reforms🌍 Iraq's long-term economic strategy📊 The impact of the budget on government financesOne of the most important questions is whether Iraq's 2027 budget can move the country away from simply managing yearly expenses toward a more sustainable financial system based on economic development, stronger non-oil revenues, better spending and financial stability.Follow along as we continue following Iraq's banking transformation, financial reforms, investment opportunities and economic future. 🇮🇶🏦💰https://tinyurl.com/godhastheanswersGet a free transcript https://rss.com/podcasts/myfxbuddiesAnd for those watching the Iraqi dinar, the big question is:Could Iraq's 2027 budget become an important piece of the currency story?We'll break down what the latest developments actually say and what they could mean for Iraq's economy going forward.

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Iraqi news mostly regarding movement in the process of them increasing the value of their currency the Iraqi Dinar.