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My FX Buddies

Tish Washington

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

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44:02

US requests CBI to merge dollar-banned banks and...

My FX Buddies ·

2024/07/31

US requests CBI to merge dollar-banned banks and close distressed banks⁠link⁠ to My FX Buddies BlogThe sources noted that the Central Bank of Iraq is expected to implement swift actions in this regard. “This move aims to stabilize the banking sector and improve the exchange rate.”“In response to Washington’s demands, the Central Bank has enlisted an international consultancy to devise a comprehensive plan, which will encompass the merging and closure of banks.” The sources said.

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32:51

5 billion of state funds as a “grant to parties”.. A...

My FX Buddies ·

2024/07/29

5 billion of state funds as a “grant to parties”.. A new challenge to the 2024 budgetlink to My FX Buddies BlogLegal expert, Dr. Wael Munther, raised an objection today, Saturday, regarding the Ministry of Finance’s letter addressed to MP Amir Al-Maamouri regarding the “political parties’ grant.”Munther told Al Jarida, “The Ministry of Finance’s address published on MP Amir Al Maamouri’s page is incorrect. The Ministry of Finance should have noted that Article (44/Second) of the Political Parties

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29:56

With a difference of 15 trillion.. Parliamentary...

My FX Buddies ·

2024/07/26

With a difference of 15 trillion.. Parliamentary Finance reveals the extent of the discrepancy in the budget tables before and after approval ⁠link⁠ to My FX Buddies BlogHe added, "These increases are contrary to the tables approved by the House of Representatives, and the Parliamentary Finance Committee has no role in tampering with the budget tables, and the House of Representatives voted on the tables that were sent from the Council of Ministers as they are; But the parliament presidency signed

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27:02

The Iraqi Stock Exchange determines the colors of the...

My FX Buddies ·

2024/07/24

The Iraqi Stock Exchange determines the colors of the data and prepares to broadcast on YouTubelink to My FX Buddies BlogThe Iraq Stock Exchange announced today, Tuesday, its readiness to launch the trading screen broadcast on YouTube, while indicating the data colors. Regarding the launch of the broadcast on YouTube, Abdul Salam said, “Today’s session will also witness the launch of the broadcast via the Iraq Stock Exchange website via YouTube, in addition to broadcasting via the market’s Facebook

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31:09

Addressing the problems of the Iraqi financial system

My FX Buddies ·

2024/07/22

Addressing the problems of the Iraqi financial systemlink to My FX BuddiesThe financial system in Iraq consists of a group of institutions and structures that manage the financial and economic affairs of the country. Here are the components of this system in detail: 1. Central Bank of Iraq:- Role: It is considered the body responsible for implementing monetary policy, issuing currency, and managing cash reserves.- Objectives: price stability, exchange rate stability, and encouraging economic growth

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29:54

Economist calls on the government to delay joining...

My FX Buddies ·

2024/07/18

Economist calls on the government to delay joining the World Trade Organizationlink to My FX Buddies BlogHe added, "This endeavor has positive effects, including expanding economic partnerships and integrating it into the global economy, but on the other hand it represents a problem, especially since the demands of the World Trade Organization are to allow the access of its members' trade to the markets and to free trade from all restrictions, as it is an organization of producing and manufacturing

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24:36

Iraq resumes negotiations to join WTO

My FX Buddies ·

2024/07/17

Iraq resumes negotiations to join WTOlink to My FX Buddies BlogHashemi added that "the first preparatory meeting was held at the organization's headquarters with the Director of the Accession Department and the organization's experts in goods, services and intellectual property, headed by the Director General of the Department of Economic Relations and the membership of negotiators representing the Iraqi ministries and the Kurdistan Region; to discuss the most important files and documents submitted

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31:28

Iraq moves to break dollar restrictions in crucial...

My FX Buddies ·

2024/07/15

Iraq moves to break dollar restrictions in crucial talks with Washington ⁠link ⁠to My FX Buddies BlogIraq experienced a shortage of dollars last year after the Federal Reserve Bank of New York began closely examining transfers to Iraqi banks. Iranian companies and individuals have long used banks in neighboring Iraq to access dollars and circumvent U.S. sanctions.The Central Bank of Iraq has pledged to restrict all domestic trade transactions starting this year, in an attempt to limit dollar

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30:43

Baghdad and Washington discuss the stability of the...

My FX Buddies ·

2024/07/13

Baghdad and Washington discuss the stability of the exchange rate of the dinar against the dollar⁠link⁠ to My FX Buddies BlogFor his part, Nelson praised "the steps taken by the Iraqi government to support the Iraqi economy and address the challenges facing it. He stressed that the relevant American institutions understand the seriousness of the Iraqi government in updating the work mechanisms in Iraqi institutions, expressing the American side's readiness to help ⁠Iraq ⁠In addressing the obstacles

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35:34

The Central Bank explains the reasons for the rise in...

My FX Buddies ·

2024/07/11

The Central Bank explains the reasons for the rise in dollar priceslink to My FX Buddies BlogToday, Wednesday, a member of the Board of Directors of the Central Bank of Iraq, Ahmed Barihi, explained the reasons for the rise in dollar exchange rates in the local market.Berihi said in a statement to the Maalouma Agency, “The issue of the rise in the exchange rate of the dollar against the Iraqi dinar in the local market is not related to the measures taken by the bank, but rather due to the American

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35:09

The dollar's flight does not threaten the Iraqi dinar

My FX Buddies ·

2024/07/09

The dollar's flight does not threaten the dinar⁠link⁠ to My FX Buddies BlogThe dollar's flight does not threaten the dinar.. Al-Sudani's advisor dispels fears: The dollar system is a thing of the pastThe financial and economic advisor to the Iraqi Prime Minister, Mazhar Mohammed Salih, commented on Monday on the return of the rise in the exchange rate of the US dollar against the Iraqi dinar in local markets.Saleh explained to Shafaq News Agency, "The fixed exchange rate system in Iraq is based on

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32:55

Will the exchange rate reach 1600 dinars?

My FX Buddies ·

2024/07/08

Will the exchange rate reach 1600 dinars?⁠link⁠ to My FX Buddies BlogEconomic expert, Munar Al-Abidi, confirmed that the dollar exchange rate in the parallel market may reach 1,600 dinars in the coming days after the Central Bank reduced the money supply.Al-Obaidi said that the parallel exchange rate in the local market changes as a result of supply and demand, noting that it is expected that the value of the dinar will decrease against the dollar in the coming days and reach the 1,600 dinar

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33:38

Despite the rise in the dollar, Saleh: The parallel...

My FX Buddies ·

2024/07/05

Despite the rise in the dollar, Saleh: The parallel market today is not important⁠link⁠ to My FX Buddies BlogHe added, "In light of the strength of the official central exchange market, the exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in influencing the stability of the general price level, which has become stable in its components and trends due to the influence of the official exchange rate factor currently

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32:01

Massoud Barzani in Baghdad on Wednesday for the first...

My FX Buddies ·

2024/07/02

Massoud Barzani in Baghdad on Wednesday for the first time in 6 years.. What does he bring?⁠link to My FX Buddies Blog⁠According to local reports and Kurdish sources, Barzani will visit Baghdad next Wednesday to discuss several issues. The visit can be described as not discussing pending files, but rather as a final culmination of the end of all technical and legal discussions on all current files, at least those related to salaries and political crises, while the major files, such as the oil and

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22:01

The President of the Republic approves the 2024...

My FX Buddies ·

2024/06/28

The President of the Republic approves the 2024 budget scheduleslink to My FX Buddies blogToday, Thursday, President Abdul Latif Rashid ratified several laws, including the 2024 budget schedules.The Presidency of the Republic stated in a statement received by {Al-Furat News}, that “The President of the Republic, Abdul Latif Rashid, ratified a number of draft laws, which are the schedules of the Federal Budget Law for the year 2024, the first amendment to the law against prostitution and

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41:18

Parliamentary calls to curb the rise of the dollar in...

My FX Buddies ·

2024/06/27

Parliamentary calls to curb the rise of the dollar in Iraq⁠link⁠Saturday, Representative Ola Odeh called on the Central Bank of Iraq to take serious steps and quick measures to limit the continuing crisis of the high exchange rates of the dollar against the Iraqi dinar.Odeh said in an interview with the “Al-Ma’louma” Agency, “The exchange rates of the dollar against the Iraqi dinar during the days of Eid Al-Adha witnessed a significant increase compared to the previous period.”She added, "The coming

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30:38

Finance begins distributing estimates of current...

My FX Buddies ·

2024/06/23

Finance begins distributing estimates of current expenditures, revenues, and investment projects for 2024⁠link⁠ to My FX BuddiesToday, Saturday, the Ministry of Finance announced the start of distributing estimates of the state’s current expenditures, revenues, and investment projects for the year 2024.A Finance statement received by Al-Rabaa stated, “The Budget Department calls on all ministries, governorates, and entities not affiliated with a ministry to send their authorized representatives

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34:40

What are the consequences of Saudi Arabia’s decision...

My FX Buddies ·

2024/06/19

What are the consequences of Saudi Arabia’s decision on the global economy?link to My FX Buddies BlogProfessor of Economics at Al-Maqal University, Nabil Al-Marsoumi, revealed the implications of Saudi Arabia’s decision not to renew the economic agreement with the United States of America.Al-Marsoumi stated in a blog post followed by “Al-Eqtisad News” that “Saudi Arabia’s decision not to renew the economic agreement, known as the ‘Petro-Dollar’ agreement, which was signed with the United States in

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19:32

Iraq is preparing to establish a project that will...

My FX Buddies ·

2024/06/17

Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?⁠link⁠ to My FX Buddies Blogpost“One of the problems that the project may face is the refusal by some pivotal regional countries to hinder Iraq’s attempts to diversify Iraqi oil export outlets towards the West, in addition to the security pressures and stability problems that still constitute an obstacle to the completion and success of any Iraqi project, let alone About the possibilities of

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32:10

Parliament asks the Presidency to approve the budget...

My FX Buddies ·

2024/06/15

Parliament asks the Presidency to approve the budget scheduleslink to My FX Buddies BlogM/ Parliamentary decision good greeting .. We are sending you Parliamentary Resolution No. (64) of 2024, voted on in session No. (27), held on 6/3/2024 of the first legislative term, third legislative year. Fifth electoral cycle. with respect Accompaniments: Parliamentary Resolution No. (64) dated 6/3/2024 0

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