My FX Buddies

Tish Washington
  • 5.0 (1)
  • News Commentary
  • Updated Semiweekly

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

  1. 1d ago

    Iraq's Wealth & Washington - Is it Financial Plunder?

    A major accusation is coming from Baghdad.https://www.myfxbuddies.com/2026/10/al-jalabi-washington-dominates-key.htmlZuhair al-Jalabi, a member of Iraq's Coordination Framework, says the United States continues to exert significant influence over Iraq's political, economic and security decisions.According to the statement reported by Al-Maalomah, al-Jalabi argues that U.S. influence has expanded beyond politics and security into Iraq's financial system and economic affairs.He further accused the Trump administration of seeking greater control over Iraq's funds, resources and vital economic sectors.Those are al-Jalabi's allegations—but there is another part of this story that is independently documented.Reuters reported in September that Iraq's oil revenues continue to flow through the dollar-based financial system, with Iraqi oil revenue held through a Central Bank of Iraq account at the Federal Reserve Bank of New York. Reuters also reported that this arrangement gives Washington significant economic leverage, while Iraqi officials say it provides financial stability, protects oil revenues and facilitates access to dollars for international trade.So the bigger question is:How much influence does Washington actually have over Iraq's financial system—and where does Iraqi sovereignty begin and U.S. financial leverage end?In this episode, we'll break down al-Jalabi's accusations, the Federal Reserve connection, Iraq's oil revenues, dollar access, and the changing relationship between Baghdad and WashingtonImportant: This video distinguishes between statements and accusations made by Iraqi political figures and independently reported facts.Following Iraq's Story — Don't Give Up. 💰🔥I covered some other interesting articlesThanks for Watching! Following Iraq’s Story — Don’t Give Up 💰🔥https://tinyurl.com/godhastheanswersGet a free transcript https://rss.com/podcasts/myfxbuddies

  2. 3d ago

    IRAQ WANTS THE DINAR USED EVERYWHERE

    A new Iraqi government policy is putting the Iraqi dinar back at the center of domestic commerce. https://www.myfxbuddies.com/2026/10/use-iraqi-dinar-baghdad-launches-new.htmlMazhar Muhammad Saleh, an adviser to Prime Minister Ali al-Zaidi, says there is a government direction to adopt the Iraqi dinar for transactions within Iraq, in accordance with the country's existing legal framework.The announcement comes only days after Iraq implemented a new exchange-rate structure.Beginning October 7, 2026, the Central Bank of Iraq set:💵 1,500 IQD per USD — dollar purchase price from the Ministry of Finance🏦 1,510 IQD per USD — dollar sale price to banks🇮🇶 1,520 IQD per USD — cash dollar sale price to the publicThe Central Bank says the new rates were adopted in response to current economic and financial conditions and following a Council of Ministers recommendation. It also says foreign reserves remain sufficient to meet legitimate foreign-currency needs.Now the government is emphasizing the use of the dinar for domestic transactions, along with stronger market oversight, consumer protection, anti-monopoly measures and support for local production.Prime Minister Ali al-Zaidi has also defended the exchange-rate adjustment before Parliament, saying the government faced difficult choices involving salary payments, borrowing and the country's already-large debt burden. He said public debt had exceeded 208 trillion dinars when he took office and that the government needed roughly 10 trillion dinars every month to meet its obligations.So what does this new push for dinar-based transactions actually mean?Does it signal a broader move toward reducing reliance on dollars inside Iraq?Could it strengthen demand for the Iraqi dinar?And how does it fit into Iraq's broader banking, exchange-rate and economic reforms?We're breaking down the facts—and what to watch next.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

  3. Oct 7

    Iraq's Central Bank says it's official! 1500 dinars to $1

    The dollar is rising wildly in Iraqi stock markets.https://www.myfxbuddies.com/2026/10/the-central-bank-changes-dollar.htmlThe government raised the exchange rate of the dollar against the dinar.The exchange rate of the dollar against the dinar has skyrocketed.The government said the decision came after an emergency presentation from the finance minister and the central bank governor.The exchange rate in Baghdad is 185, Erbil 180, and Sulaymaniyah 170.The exchange rate of the US dollar against the Iraqi dinar has risen dramatically and at varying rates in Iraqi provincial exchanges, exceeding 180,000 dinars per 100 dollars in Baghdad, 180,000 dinars in Erbil, and 170,000 dinars in Sulaymaniyah, following the cabinet's decision to set the exchange rate at 1,500 dinars per dollar.A statement signed by the Secretary-General of the Council of Ministers, Hamid Al-Ghazi, was issued based on what was presented by the Minister of Finance and the Governor of the Central Bank during the Council of Ministers meeting.The Cabinet, in its regular session held yesterday, Tuesday, decided to amend the exchange rate of the dollar to 1500 dinars per dollar, which is the official purchase price by the Ministry of Finance. The decision set the selling price of one dollar, and its sale to the end beneficiary, at 1520 dinars per dollar.One of the biggest questions for Iraqi dinar watchers is the exchange rate.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

  4. Oct 5

    IRAFINALLY CLARIFIES THE ZERO REMOVAL STORY - No Decision Yet

    Iraq has issued a new clarification about the possibility of removing zeros from the Iraqi dinar-and the wording matters. https://www.myfxbuddies.com/2026/10/iraq-finally-clarifies-zero-removal.html A government source says that discussing or studying a proposal to remove zeros does not mean it has been approved or that implementation has begun. The issue remains in an initial discussion and evaluation phase, with no decision or implementation date announced.The government source also explained that, in principle, removing zeros would mean expressing monetary values in a new unit while converting prices, salaries, savings and obligations at the same rate. In other words, the redenomination itself would not automatically reduce the real value of citizens' money.The Central Bank of Iraq has separately denied reports that it had already printed new Iraqi currency with zeros removed. It said that any future project involving restructuring denominations or removing zeros would require legal, regulatory and technical stages and would be announced through official channels if approved.So what exactly is happening?In this video, we're breaking down:🇮🇶 What the Iraqi government actually said💰 What "removing zeros" means🏦 Why there is NO implementation date📄 What would have to happen before implementation💵 What this does—and does NOT—mean for the Iraqi dinar📊 Why the government is talking about market confidence and purchasing power🔎 What investors and dinar watchers should watch nextImportant: A discussion or study of currency redenomination is not the same thing as an approved currency change or an exchange-rate revaluation.Follow Iraq's economic story as the government, Central Bank and financial institutions provide new information.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

  5. Oct 2

    THE US SOLDIERS LEAVE IRAQ - But American Companies Are Moving In

    The U.S.-Iraq relationship is entering a major transition.https://www.myfxbuddies.com/2026/09/from-bases-to-companies-iraqs-new.htmlThe U.S.-led international coalition's military mission in Iraq is scheduled to conclude at the end of September 2026, marking the end of a major chapter in the two countries' relationship. Iraqi officials have described September 30 as the fixed deadline for the conclusion of the coalition's military presence.But while the military relationship is changing, the economic relationship has been expanding.During Prime Minister Ali al-Zaidi's July visit to Washington, Iraqi and American companies and government entities announced dozens of agreements, memoranda of understanding and cooperation arrangements. The U.S. Chamber of Commerce said the announced agreements and partnerships were worth more than $60 billion and involved companies including Chevron, ExxonMobil, GE Vernova, Google, JPMorgan Chase, KBR, PepsiCo, Shell and others.Iraqi government reporting separately put the number of agreements and other arrangements at 48, covering sectors including oil, electricity, industry, technology and finance.That creates an important question:If the U.S. military presence is shrinking, what will the American presence in Iraq look like next?This episode examines the shift from:🇺🇸 Military cooperation➡️ Economic partnerships➡️ American companies➡️ Energy investment➡️ Banking and finance➡️ Infrastructure➡️ Technology➡️ Diplomatic relationsThe transformation doesn't mean security and political issues disappear. Those remain part of the relationship.But economically, Iraq is clearly trying to attract more foreign investment and bring major international companies into projects involving energy, infrastructure, finance and other sectors.The bigger story may be that the U.S.-Iraq relationship is moving from bases and forces toward contracts, companies and capital.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. Sep 27

    U.S. DOLLARS HEADED TO IRAQ AGAIN - Why This Matters

    MORE U.S. CASH DOLLARS ARE COMING TO IRAQ. https://www.myfxbuddies.com/2026/09/us-dollars-headed-to-iraq-again-why.html Iraq's government says a new shipment of U.S. dollar banknotes will arrive in the country in the coming days following understandings reached between Prime Minister Ali Faleh al-Zaidi's government and the United States. Government spokesman Haider al-Aboudi said the continuation of cash-dollar shipments is intended to help meet legitimate foreign-currency needs. According to the statement, the understanding comes as Iraq strengthens controls over the distribution and use of dollars, expands electronic payment systems and moves toward a more digital economy. 💵 WHY DOES THIS MATTER? Cash-dollar shipments have been an important part of Iraq's financial system. Earlier in 2026, shipments were temporarily interrupted before resuming. A $500 million shipment was reported as arriving in Iraq in August for transactions involving travelers and foreign remittances. Financial adviser Mazhar Mohammed Saleh has previously described these shipments as being drawn from Iraq's dollar reserves held with the Federal Reserve Bank of New York rather than representing newly created Iraqi wealth. 🏦 BUT THERE'S A BIGGER STORY The government is linking the continuation of shipments to improvements in Iraq's financial controls. The statement specifically points to: Better control over dollar distribution Reducing misuse of foreign currency Expanded electronic payments Greater financial transparency A gradual move toward a digital economy That means the story isn't simply about another shipment of physical dollars. It's also about how Iraq is changing the way dollars move through its financial system. 🇮🇶 WHAT COULD THIS MEAN FOR THE DINAR? A larger and more predictable supply of physical dollars can matter for parts of Iraq's foreign-currency market. But the announcement itself does not state that Iraq is changing its official exchange rate. That's an important distinction. The new shipment is about dollar availability and distribution—not an announced revaluation or change to the official dinar rate. 👀 WHAT WE'LL BE WATCHING We'll be watching: 💵 When the new shipment actually arrives 🏦 How the dollars are distributed 📊 What happens in the parallel market 💳 Whether electronic payments continue expanding 🇮🇶 How Iraq's banking system handles foreign-currency demand And whether future U.S.–Iraq financial cooperation leads to additional changes. https://tinyurl.com/godhastheanswers 📌 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

  7. Sep 24

    The Dollar Enters Iraq’s 2027 Budget Debate What Happens Next?

    Iraq's 2027 budget is moving toward Parliament — and the exchange rate is now part of the discussion. 🇮🇶💵My FX Buddies Blog Iraq's Parliamentary Finance Committee is preparing for the expected arrival of the 2027 federal budget draft on October 15, according to committee members and other Iraqi reporting. One of the major numbers being discussed is a potential budget deficit of approximately 65 trillion Iraqi dinars. Finance Committee member Ikhlas Al-Dulaimi said the committee will examine the exchange-rate issue as part of the measures and solutions proposed by the Ministry of Finance to address the deficit. But there is an important distinction: The exchange rate is being discussed — that does NOT mean a new official exchange rate has been announced. The actual budget draft and its financial tables are expected to provide much more detail about: Government revenues Government spending The projected deficit The assumed oil price Oil-export assumptions Deficit financing The exchange-rate issue The oil-price assumption is also still being debated. Earlier reporting put proposals in a range from approximately $50 to $65 per barrel, while other discussions have considered different assumptions depending on market conditions and export expectations. The Iraqi Parliament's Finance Committee has also been working through final-account requirements ahead of consideration of the 2027 budget. And the exchange-rate discussion is not happening in isolation. Iraq's Finance Committee has been examining broader questions involving spending, revenue diversification, oil dependence and financial management. So the big date to watch is: OCTOBER 15, 2026 That's the expected date for the draft 2027 budget to reach Parliament. Once the actual budget tables are available, we'll have a much clearer picture of what Iraq is assuming about the dinar, oil, revenues, spending and the deficit. This is a budget discussion — not an announcement of a new exchange rate. https://tinyurl.com/godhastheanswers 📌 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

  8. Sep 16

    No More Paper Iraqi Dinar? Iraq Expert Reveals Radical Plan

    Could Iraq eventually move away from paper currency altogether?https://www.myfxbuddies.com/2026/09/iraqs-radical-dinar-proposal-abolish.htmlA new proposal from Iraqi economic expert Safwan Qusay is putting an extraordinary idea into the currency and banking debate: instead of removing zeros or simply issuing larger denominations, Iraq could move toward electronic payment cards and eventually eliminate paper currency.Qusay argues that Iraq has approximately 106 trillion dinars issued, with around 40 trillion inside the banking system and more than 60 trillion remaining as cash outside it, according to the figures cited in the article.His proposal would give citizens time to deposit their cash savings into the banking system, with electronic payments eventually replacing paper-money transactions. He argues that this could help identify and bring back buried, stolen, smuggled, or otherwise undocumented funds.The proposal also includes a controversial idea: closing Iraq's borders during the transition to prevent Iraqi currency held outside the country from remaining in circulation.But is this actually happening?No decision like this is presented in the article as an announced Central Bank of Iraq policy. This video examines the expert's proposal, why he believes it could address Iraq's liquidity problem, and how it fits into the country's much broader banking and currency-reform debate.💰 Is Iraq's real problem the currency—or the huge amount of cash outside the banking system?Subscribe for more Iraq banking, currency, economic and dinar news.Thanks for Watching! Following Iraq’s Story — Don’t Give Up 💰🔥https://tinyurl.com/godhastheanswersGet a free transcript https://rss.com/podcasts/myfxbuddies

See All (915)

About

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

Information

  • Creator
    Tish Washington
  • Years Active
    2021 - 2026
  • Episodes
    915
  • Rating
    Clean
  • Copyright
    © Tish Washington
  • Show Website
    My FX Buddies