My FX Buddies

Tish Washington
  • 0.0 (0)
  • Business News

News and updates on the Iraqi Dinar RV and Iraq Politics Visit My FX Buddies Blog to get more information

  1. 1d ago

    IRAQI DINAR: Dollar Nears 160,000! What Is Happening?

    The Iraqi dollar market is moving higher again, with the parallel-market rate in Baghdad approaching 160,000 Iraqi dinars per $100. My FX Buddies Blog On Thursday morning, September 17, Al-Kifah and Al-Harithiya exchanges opened at approximately 158,850 dinars per $100, up from 157,250 at the start of Wednesday's trading. At Baghdad currency exchange offices, the reported selling price reached approximately 159,250 dinars per $100, while the buying price was around 158,250. And the increase has been building. On September 12, the rate was around 156,350 dinars per $100. On August 19, it was approximately 154,600. So what is behind the latest move? The article points out that determining the direct cause requires additional official data and indicators, including: 💵 Demand for cash dollars 🏦 Remittance flows 📈 Speculative activity 💱 Conditions in the parallel market 🏛️ Monetary and regulatory measures The important distinction is that this article is discussing the parallel-market exchange rate. It does not report a change in Iraq's official exchange rate. The big question now is whether the parallel-market rate will cross the 160,000-dinar-per-$100 level — and whether monetary and regulatory measures can narrow the gap between the official and parallel markets. 👉 Subscribe for continuing Iraqi dinar, Central Bank of Iraq, banking, exchange-rate and Iraq economic news. 💬 What do you think is driving the latest dollar increase — cash demand, speculation, dollar availability, or something else? Thanks for Watching! Following Iraq’s Story — Don’t Give Up 💰🔥 Subscribe for more Iraq banking, currency, economic and dinar news. Thanks for Watching! Following Iraq’s Story — Don’t Give Up 💰🔥 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

    IRAQI DINAR: Dollar Nears 160,000! What Is Happening?

  2. 3d ago

    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.html A 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/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

    No More Paper Iraqi Dinar? Iraq Expert Reveals Radical Plan

  3. 4d ago

    Iraq’s Dollar Dinar Gap at 25,000 CBI Claims a New Strategy?

    Iraq’s Central Bank may be preparing another major step to narrow the gap between the My FX Buddies Blog link official dollar exchange rate and the price being charged in the parallel market. According to sources cited by the Independent Press Agency, the Central Bank is considering measures to create a more disciplined and unified dollar-selling price through licensed exchange companies and authorized outlets. And one figure is getting attention: 1,320 Iraqi dinars per dollar. But what does that actually mean? The article makes an important distinction. The reported move does not mean the Central Bank is changing the official exchange rate. The CBI has previously denied reports of an official rate change. Instead, the reported strategy would focus on getting dollars through official channels to the end user at prices much closer to the established official levels. At the same time, the parallel market has been trading dramatically higher. On September 14, the article reports Baghdad exchange shops selling $100 for approximately 157,000 dinars, compared with approximately 132,000 dinars for $100 at a 1,320 rate. That's a gap of roughly: 25,000 dinars per $100. So what is the Central Bank actually trying to accomplish? In this video, we break down: Why the CBI wants to narrow the dollar gap What 1,320 actually represents Why this does NOT currently mean an official exchange-rate change The CBI's tighter oversight of exchange companies Why access to legitimate dollars is so important The enormous difference between the official and parallel markets Whether stronger official channels could put pressure on the parallel market What this could mean for Iraq's banking and currency reforms The bigger question is no longer simply “Will the official rate change?” It's: Can Iraq make the official financial system competitive enough that citizens and businesses no longer need the parallel market? As always, we'll separate what has actually been announced from what is being reported or considered. Thanks for Watching! Following Iraq’s Story — According to the report, Iraq has approximately: 🏦 8 government banks 🏦 24 local commercial banks 🕌 31 local Islamic banks 🌍 16 foreign bank branches 📋 2 representative offices That brings the total to approximately 81 banking institutions and representative offices. Yet having dozens of banks does not automatically mean having dozens of internationally competitive banks. Major global banking rankings look at factors such as: 💰 Capital strength 📊 Assets 📈 Profitability 🏦 Deposit bases 🌍 International reach 🤝 Correspondent banking relationships 🔒 Governance and compliance 📉 Balance-sheet quality 🔔 Subscribe for more Iraq economy and banking updates Thanks for Watching! Following Iraq’s Story — Don’t Give Up 💰🔥 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

    Iraq’s Dollar Dinar Gap at 25,000 CBI Claims a New Strategy?

  4. 6d ago

    The Dinar, Oil Money & the Dollar: Iraq Faces a Major Financial Test

    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.html New 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 revenues The 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/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

    The Dinar, Oil Money & the Dollar: Iraq Faces a Major Financial Test

  5. Sep 12

    IRAQ'S BANKING REVOLUTION: IRAQ Has 81 Banks... So Why Are So Few Known Globally?

    IRAQ HAS ABOUT 81 BANKING INSTITUTIONS... BUT WHERE IS ITS GLOBAL BANKING POWER? https://www.myfxbuddies.com/2026/09/iraqs-banking-revolution-iraq-has-81.html Iraq has a large number of banks and financial institutions operating inside the country. According to this report, the banking network includes government banks, local commercial banks, Islamic banks, foreign bank branches, and representative offices. But the big question isn't simply: How many banks does Iraq have? The bigger question is: How many Iraqi banks are actually capable of competing on the international stage? The article examines the gap between Iraq's large number of banking institutions and its limited presence in major global banking rankings. According to the report, Iraq has approximately: 🏦 8 government banks 🏦 24 local commercial banks 🕌 31 local Islamic banks 🌍 16 foreign bank branches 📋 2 representative offices That brings the total to approximately 81 banking institutions and representative offices. Yet having dozens of banks does not automatically mean having dozens of internationally competitive banks. Major global banking rankings look at factors such as: 💰 Capital strength 📊 Assets 📈 Profitability 🏦 Deposit bases 🌍 International reach 🤝 Correspondent banking relationships 🔒 Governance and compliance 📉 Balance-sheet quality The article also points to Iraq's banking-risk environment and compares Iraq's position with stronger regional banking systems. This raises an important question for Iraq's ongoing banking reforms: Could Iraq's next phase involve fewer banks—but larger and stronger institutions? As banking reforms continue, Iraq may face increasing pressure to strengthen capital, improve compliance and governance, expand international banking relationships, and potentially merge or restructure weaker institutions. In this video, we're breaking down: 🇮🇶 Why Iraq has so many banks 🌍 Why relatively few have major international influence 🏦 Why the number of banks doesn't necessarily equal banking strength 🔄 How mergers and restructuring could change Iraq's banking map 📊 Why international correspondent banking relationships matter 💰 And what a stronger banking sector could mean for Iraq's broader economic future 👇 Do you think Iraq needs MORE banks—or FEWER but STRONGER banks? Let me know what you think in the comments! 👍 Like the video 🔔 Subscribe for more Iraq economy and banking updates 🎧 Follow on Spotify for more discussions Thanks for Watching! Following Iraq’s Story — Don’t Give Up 💰🔥 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

    IRAQ'S BANKING REVOLUTION: IRAQ Has 81 Banks... So Why Are So Few Known Globally?

  6. Sep 10

    Iraq's New Dinar Plan? Changing the Currency Could Target 100 Trillion Dinars Outside Banks

    IRAQ'S DINAR IS CHANGING?! My FX Buddies Blog After weeks of headlines about removing zeros from the Iraqi dinar, a new report suggests that the discussion may be moving in a completely different direction. According to a report from 964 Media, discussions involving members of Iraq's Parliamentary Finance Committee are reportedly focusing on changing the current Iraqi currency and issuing a new series of banknotes rather than removing zeros. The potential goals being discussed are much bigger than simply printing new notes. A currency replacement could potentially be used to: 💵 Replace worn-out banknotes 🔒 Introduce stronger security features 🚨 Remove counterfeit currency from circulation 🏦 Bring cash held outside the banking system back into banks 📊 Better monitor Iraq's circulating money supply 💰 Encourage large holders of cash to open bank accounts and document the source of their funds The report says that more than 100 trillion Iraqi dinars may currently be outside the banking system, held in homes, businesses, and circulating through Iraq's cash-based economy. One proposal reportedly being discussed would make the exchange of large amounts of old currency subject to additional banking procedures, potentially including opening a bank account, depositing the funds, and verifying the source of the money. Amounts reportedly being discussed could involve cash holdings in the range of approximately 100–150 million dinars, although the article stresses that these details have not been finalized. This could make a future currency exchange about much more than changing the appearance of Iraqi banknotes. The bigger question may be: Could Iraq use a new currency to bring part of its enormous cash economy back into the banking system? And just as importantly: Is this replacing the idea of removing three zeros—or could both discussions eventually lead to different stages of monetary reform? In this video, we're breaking down what this new report says, what appears to still be under discussion, and why the distinction between a currency replacement and a currency revaluation is so important. ⚠️ Important: No official implementation details, timetable, or final mechanism described in this report should be treated as confirmed until formally announced by the competent Iraqi authorities. 👇 What do YOU think? Would a currency exchange bring more money into Iraq's banking system? Or could it create confusion in a country where so much cash is currently held outside banks? Please share your thoughts in the comments! 👍 Like the video 🔔 Subscribe for more Iraq economy and banking updates 🎧 Follow on Spotify for more discussions Thanks for Watching! Following Iraq’s Story — Don’t Give Up 💰🔥 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

    Iraq's New Dinar Plan? Changing the Currency Could Target 100 Trillion Dinars Outside Banks

  7. Sep 9

    Economists Stress need for a "Reform Revolution" And the Citizen's Demand Their Rights

    After nearly 20 years of delays, Iraq's Oil and Gas Law may finally be https://www.myfxbuddies.com/2026/09/economists-stress-need-for-reform.html moving back toward the center of the country's political and economic agenda. For years, disagreements over the management of Iraq's oil wealth have contributed to disputes between Baghdad, the Kurdistan Region, and oil-producing governorates. Now, members of Iraq's Parliament and the Parliamentary Oil, Gas and Natural Resources Committee are signaling renewed efforts to move the legislation forward during the current parliamentary session. The Oil and Gas Law could create a clearer legal framework for: 🛢️ Managing Iraq's oil and gas resources 💰 Distributing oil revenues 🏛️ Defining the powers of Baghdad and producing regions 🇮🇶 Addressing long-running disputes with the Kurdistan Region 📈 Attracting international energy investment 🏦 Supporting Iraq's federal budget and financial stability 💵 Increasing hard-currency revenues flowing into Iraq's financial system Experts quoted in the report argue that Iraq's economy depends heavily on oil revenues and that the absence of a comprehensive federal law has contributed to years of uncertainty and disputes. Supporters believe passing the law could help provide a more stable investment environment, clarify the management of oil fields and exports, and potentially encourage international energy companies to expand their involvement in Iraq. But there is still one major question: After almost 20 years of political disagreements, can Iraq finally pass the Oil and Gas Law? ⚠️ Important: The law has not yet been passed. Current reports describe renewed political and parliamentary efforts to move it toward legislation. 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

    Economists Stress need for a "Reform Revolution" And the Citizen's Demand Their Rights

  8. Sep 7

    NEW 50 & 100 DINAR NOTES? Here's What Iraq's CBI Is REALLY Saying! 🇮🇶

    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.html An 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 fils However, 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/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

    NEW 50 & 100 DINAR NOTES? Here's What Iraq's CBI Is REALLY Saying! 🇮🇶
See All (502)

About

News and updates on the Iraqi Dinar RV and Iraq Politics Visit My FX Buddies Blog to get more information

Information

  • Creator
    Tish Washington
  • Years Active
    2026
  • Episodes
    502
  • Rating
    Explicit
  • Copyright
    © QTW 2023
  • Show Website
    My FX Buddies