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. 2d ago

    BIG WARNING for Iraq: Could Losing US Financial Protection Hurt the Dinar?

    Could changes to Iraq’s relationship with the US Federal Reserve put pressure on the Iraqi dinar? https://www.myfxbuddies.com/2026/09/big-warning-for-iraq-could-losing-us.htmlNew warnings from Iraqi economic experts are raising important questions about what could happen if Iraq were to move away from the current US financial protection surrounding its oil revenues and reserves.The experts quoted in this report say Iraq could theoretically manage its oil revenues and reserves without American protection, but they warn that a sudden transition would be extremely risky under current conditions.And this isn't simply about moving Iraqi money from one bank to another.It involves the global dollar system, correspondent banks, international trade settlements, foreign currency liquidity, oil revenues, and the Central Bank of Iraq's ability to manage the exchange market.One expert warns that the greatest risk may ultimately be felt through:🇮🇶 The Iraqi dinar💵 The exchange market🏦 Iraqi banks🚢 Import financing📉 The official/parallel exchange-rate gap💰 Iraq's oil revenuesThe article also raises an important alternative: rather than suddenly abandoning the dollar system, Iraq could gradually expand relationships with European, Asian, and Gulf banks, increase the use of other currencies in trade, and strengthen Iraqi banks and their correspondent-banking networks.But experts emphasize that simply making a political decision to move away from US financial protection would not be enough.Iraq would first need to build a credible alternative financial system.We'll break down what these warnings actually mean, why the dollar remains so important to Iraq, how this could affect the dinar and exchange market, and what a gradual transition could look like.⚠️ Important: This report discusses expert warnings and potential risks. It does not mean that Iraq is currently removing US protection from its funds or that a specific dinar event is guaranteed.If you're following Iraq's banking reforms, oil revenues, exchange-rate developments, and the future of the Iraqi dinar, subscribe and follow along.👍 Like the video💬 Comment below: Do you think Iraq should gradually diversify away from dependence on the dollar—or would that create more risk?Thanks for Watching! Following Iraq’s Story — Don’t Give Up 💰🔥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 #Dinar

  2. Sep 7

    IRAQ'S NEW CURRENCY: Could 50 & 100 Iraqi Dinar Notes Return?

    Could Iraq eventually see the return of smaller currency denominations—including 50 and 100 dinar notes? https://www.myfxbuddies.com/2026/09/new-50-100-dinar-notes-heres-what-iraqs.htmlAn Iraqi economic expert has suggested that if Iraq moves forward with changing its currency, the Central Bank of Iraq could potentially introduce new banknotes with stronger security features and denominations smaller than the current 250-dinar note.According to the expert's comments, possible denominations could include:💵 50 dinars💵 100 dinars💵 Smaller units, potentially including filsHowever, he also stressed that the Central Bank has not made a final decision, and the government is reportedly still working through the issue.Meanwhile, the Governor of the Central Bank of Iraq, Nizar Nasser Hussein, has released a much broader update on the direction of Iraq's banking and financial system.The Governor emphasized continued banking-sector reform, stronger international integration, improved oversight, protection of depositors' funds, and new lending initiatives designed to support investment and economic activity.He also made an important statement regarding Iraq's money supply, explaining that approximately 107 trillion Iraqi dinars have been issued for circulation, and that changing the currency could help determine the true amount of money actually circulating in Iraq's markets.So what does this mean?Is Iraq preparing for smaller currency denominations?Could 50 and 100 dinar notes eventually return?And how does the discussion about changing Iraq's currency fit into the Central Bank's much larger banking reform program?In this video, we break down the difference between economic expert speculation and official Central Bank policy, while looking at what the CBI Governor is actually saying about Iraq's banking future.⚠️ Important: The comments about possible 50 and 100 dinar denominations are suggestions made by an economic expert. According to the information provided, the Central Bank has not announced a final decision on issuing these denominations.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 #Dinar

  3. Sep 6

    IRAQ'S 3-ZERO PLAN HIT THE BRAKES? Parliament Sets NEW Conditions!

    Is Iraq slowing down the plan to remove three zeros from the Iraqi dinar? https://www.myfxbuddies.com/2026/09/iraqs-3-zero-plan-hit-brakes-parliament.htmlAfter a series of recent reports discussing new Iraqi currency, redesigned banknotes, and possible legislation to remove zeros, a member of Iraq's Parliamentary Finance Committee is now emphasizing that the process cannot move forward quickly.According to the latest report, Parliamentary Finance Committee member Amer Rahim says that removing zeros from the Iraqi currency would require extensive discussions inside Parliament, along with amendments and the passage of supporting financial laws and regulations.The committee member reportedly warned that raising the issue at the present time may be premature, especially while Iraq continues to face financial and economic challenges.Before any major structural change to the currency, the article says Iraq would need a more complete economic and banking environment designed to support market stability.The report also raises an important concern for Iraqi citizens: Could a major currency reform negatively affect purchasing power if it is implemented without careful preparation?For now, the focus being emphasized is:🏦 Banking reform📈 Economic stability💵 Protecting the Iraqi dinar🏛️ Legislative preparation📜 Supporting financial lawsThis is especially significant because viewers have recently seen very different headlines about the removal of zeros from the dinar.So what is really happening?Is Iraq moving toward implementation?Or is the country still in the discussion and preparation stage?In this video, we break down the latest statements and look at why Parliament may believe the economic foundation must be in place before Iraq makes such a major currency transition.⚠️ Important: The removal of zeros, currency redenomination, and an actual increase in the value or purchasing power of the Iraqi dinar are not automatically the same thing. Any implementation would depend on official decisions, legislation, and instructions from the appropriate Iraqi authorities.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. Sep 3

    Banking Ready 2026: A NEW Banking Era for Iraq? Here's What's Happening

    Iraq has launched the fourth edition of Banking Ready 2026, a free banking training program https://www.myfxbuddies.com/2026/09/banking-ready-2026-what-is-iraq.htmldesigned to help young Iraqis develop professional skills and prepare for careers in the banking sector.The program is fully funded by the National Bank of Iraq and is being offered in cooperation with the Center of Excellence for Innovation and Development and the American University of Iraq – Baghdad.On the surface, this may simply look like a youth training initiative.But when we place it alongside Iraq's broader banking reforms, digital payment initiatives, efforts to strengthen financial compliance, and attempts to modernize the country's financial system, it becomes an interesting piece of the bigger picture.Is Iraq preparing for a fundamentally different banking environment?In this video, we're going to start with this announcement and then connect it to several other recent developments in Iraq's economy and banking sector.As always, we'll separate what is actually being reported from speculation and expectations, because there is a LOT of information circulating about Iraq's currency and banking system right now.Stay with me as we connect the dots.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

  5. Sep 1

    2027 DINAR CHANGE? Iraqi MP Gives New Update

    Is 2027 really the year Iraq will begin removing the three zeros from the Iraqi dinar?https://www.myfxbuddies.com/2026/08/when-will-iraq-remove-3-zeros-new-update.htmlA new statement from Iraqi MP Murtadha Afween provides an important update on the long-discussed currency reform project.Afween says the removal of zeros has not yet reached the implementation phase and cautions that removing zeros would not, by itself, solve Iraq's broader economic problems.However, an earlier report cited in the article stated that the Iraqi government could begin issuing a new currency with the zeros removed at the beginning of 2027.So where does the project actually stand?In this video, we look at what the latest statement says, the 2027 timeline being reported, and why the difference between planning, legislation, preparation and actual implementation matters.Removing three zeros is also not automatically the same thing as increasing the value or purchasing power of the Iraqi dinar.The latest statement is therefore worth paying attention to — especially because Iraq has been discussing currency reform for years.The big question:Will Iraq actually begin the currency transition in 2027, or is more legislation and preparation still required?I'll continue following the official developments as more information becomes available.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 #Dinar

  6. Aug 29

    CBI CRACKDOWN? Iraq Tightens Controls on Politicians’ Money

    Iraq's Central Bank is tightening its oversight of politically exposed https://www.myfxbuddies.com/2026/08/cbi-crackdown-iraq-tightens-controls-on.htmlpersons, their relatives, close associates, and companies connected to them.According to documents obtained by Al-Ahd News, the Central Bank of Iraq has issued new instructions requiring banks and licensed non-bank financial institutions to strengthen due diligence and monitoring procedures involving politically exposed persons as part of broader anti-money-laundering and counter-terrorism-financing measures.The new approach reportedly requires financial institutions to assess risk based on factors including a person's position and influence, financial activity, related countries, and transaction patterns.Banks are also being instructed to determine whether customers, beneficial owners, authorized signatories, or associated individuals qualify as politically exposed persons—whether Iraqi or foreign.And it doesn't stop with individual bank accounts.The instructions reportedly call for greater scrutiny of companies in which politicians or their relatives may hold shares or exercise direct or indirect control. Financial institutions are also expected to identify the ultimate beneficial owner, particularly when companies have complicated ownership structures.One of the most significant changes is the emphasis on continuous monitoring rather than simply checking a list of politicians' names when an account is opened.The Central Bank reportedly wants financial institutions to use reliable local, regional, and media sources to help identify financial activity connected to officials and their wider circles.So what does this mean for Iraq's banking reform?⚠️ Important: Increased scrutiny does not mean that every politically exposed person, relative, or associate has committed a financial crime. These measures are designed around risk assessment and financial transparency.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

  7. Aug 26

    IRAQ IN THE CROSSHAIRS? As Washington Turns Up the Pressure on Tehran

    Could Iraq's economy become collateral damage in Washington's escalating pressure on Tehran?https://www.myfxbuddies.com/2026/08/iraq-caught-in-middle-us-sanctions.htmlA new warning surrounding US sanctions against Iran is raising concerns in Baghdad, where Iraq maintains deep commercial, financial and energy ties with its neighbor.The situation could put Iraq in a difficult position.The Central Bank of Iraq faces the challenge of protecting the domestic exchange market while also controlling hard-currency transfers and ensuring that financial channels remain compliant with international requirements.At the same time, Iraq depends heavily on Iranian gas and electricity supplies to help keep its national power system operating.If Washington tightens secondary sanctions against entities dealing with Iran, Iraqi banks, businesses and financial institutions could face increased scrutiny and potentially greater restrictions.That leaves Baghdad facing a difficult balancing act:Protect Iraq's banking system from US financial restrictions.🇮🇷 Maintain critical economic and energy relationships with Iran.Key Moments and HighlightsProtect Iraq's economy, currency and financial stability.In this video, we examine what the latest warnings could mean for Iraq, the Central Bank, the Iraqi banking system, the dollar market, energy supplies and everyday prices.Could Iraq be caught in the middle?And perhaps most importantly—how much pressure can Iraq absorb before ordinary Iraqis begin feeling the effects?This video discusses the information and claims presented in the referenced report and is intended for news commentary and analysis. It is not financial or investment advice.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

  8. Aug 25

    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

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