My FX Buddies

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

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

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

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

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

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

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

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

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

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