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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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31:10

The Iraqi Securities Commission signs an agreement...

My FX Buddies ·

2024/06/13

The Iraqi Securities Commission signs an agreement with the World Banklink to My FX Buddies Blog"The goal of the agreement is to enhance and develop the investment environment in Iraq by improving environmental, social, and governance regulations and frameworks to comply with international standards, enhancing the ability to implement and supervise their implementation in Iraq, and contributing to increasing investment attractiveness in the Iraqi stock market environment." She continued: "To achieve

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27:24

International Monetary Fund expects growth in the...

My FX Buddies ·

2024/06/11

International Monetary Fund expects growth in the Iraqi economylink to My FX Buddies BlogThe head of the International Monetary Fund mission in Iraq, Dr. Ghazi Shubaikat: There has been growth in the Iraqi economy in light of the reforms adopted by the government.Shubaikat explained, in an interview with “Al-Sabah” followed by “Al-Eqtisad News”, that in conjunction with the reforms adopted by the government with the aim of creating realistic solutions to all economic problems, the Fund expects

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38:09

Reconstructing Iraq: The role of banks in financing...

My FX Buddies ·

2024/06/10

Reconstructing Iraq: The role of banks in financing the future⁠link⁠ to My FX Buddies BlogGermany's experience after World War II is an inspiring example of how banks can play a crucial role in the country's reconstruction. The KfW German Development Bank has contributed to financing many vital projects in Germany, such as rebuilding industrial and residential infrastructure, and providing financing for small and medium-sized companies.

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38:20

The House of Representatives sends the 2024 budget...

My FX Buddies ·

2024/06/08

The House of Representatives sends the 2024 budget schedules to the Ministry of Justice - The Iraqi Facts ⁠link⁠ to My FX Buddies BlogThe Prime Minister stressed that "Iraq has many investment opportunities presented to international companies, welcoming the participation of British institutions and companies in various sectors, especially the sectors of energy, industry, agriculture, and other vital sectors."

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23:36

The House of Representatives votes on the schedules...

My FX Buddies ·

2024/06/04

The House of Representatives votes on the schedules of the amended Federal Budget Law No. 2024 (13) for the year and its annexes, schedules (A/B/C/D/E/F)⁠link⁠Mazhar Muhammad Salih told {Al-Furat News} agency, “Based on the effective constitutional path in issuing legislation, the start of the official implementation of the federal general budget schedules must be accompanied by its approval by the House of Representatives, based on the provisions of Article 77/Second of the Federal General Budget

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21:06

Parliamentary Finance fails to pass the budget...

My FX Buddies ·

2024/06/03

Parliamentary Finance fails to pass the budget schedules due to (a political decision) ⁠link to My FX Buddies Blog⁠Committee member Mustafa Al-Karaawi said, in a statement followed by Mawazine News, that “the Finance Committee met today, with all its members, in order to vote as a final decision on amending the budget schedules, or passing them as they are, but in the last moments of the meeting the political decision came to postpone the vote until further notice.” Then the meeting ended without a

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16:23

Iraqi Dinar: IBBC issues Major New Paper on...

My FX Buddies ·

2024/05/30

Iraqi Dinar: IBBC issues Major New Paper on De-Dollarisation of Iraqlink to My FX Buddies Blog PostThis revaluation of the dinar combined with restrictions on dollar transactions has also seriously injured private sector businesses that were engaged in exporting. Previously, many contracts between international firms such as oil companies and their Iraqi employees and suppliers were denominated and often paid in dollars. Iraqi employees and firms could then convert these dollars into dinars at the

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16:23

Iraqi Dinar: IBBC issues Major New Paper on...

My FX Buddies ·

2024/05/29

Iraqi Dinar: IBBC issues Major New Paper on De-Dollarisation of Iraqlink to My FX Buddies Blog PostThis revaluation of the dinar combined with restrictions on dollar transactions has also seriously injured private sector businesses that were engaged in exporting. Previously, many contracts between international firms such as oil companies and their Iraqi employees and suppliers were denominated and often paid in dollars. Iraqi employees and firms could then convert these dollars into dinars at the

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16:23

Iraqi Dinar: IBBC issues Major New Paper on...

My FX Buddies ·

2024/05/29

Iraqi Dinar: IBBC issues Major New Paper on De-Dollarisation of Iraqlink to My FX Buddies Blog PostThis revaluation of the dinar combined with restrictions on dollar transactions has also seriously injured private sector businesses that were engaged in exporting. Previously, many contracts between international firms such as oil companies and their Iraqi employees and suppliers were denominated and often paid in dollars. Iraqi employees and firms could then convert these dollars into dinars at the

en

16:23

Iraqi Dinar: IBBC issues Major New Paper on...

My FX Buddies ·

2024/05/29

Iraqi Dinar: IBBC issues Major New Paper on De-Dollarisation of Iraq⁠link⁠This revaluation of the dinar combined with restrictions on dollar transactions has also seriously injured private sector businesses that were engaged in exporting. Previously, many contracts between international firms such as oil companies and their Iraqi employees and suppliers were denominated and often paid in dollars. Iraqi employees and firms could then convert these dollars into dinars at the parallel rate – currently

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37:03

Central Bank: The issuance of new monetary...

My FX Buddies ·

2024/05/28

Central Bank: The issuance of new monetary denominations will not affect the dinar exchange ratelink to My FX Buddies Blog Brehi told Al-Ma’louma, “Issuing rumors on social media sites about the issuance of new monetary denominations aims to create a state of confusion in the Iraqi market.” He added, "The Central Bank of Iraq is working according to well-studied plans, and there is no intention to issue new currencies in large or small denominations."He explained, "If we assume that the central

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29:37

The government sees clear indicators: the parallel...

My FX Buddies ·

2024/05/26

The government sees clear indicators: the parallel dollar will be equal to the official one⁠link to My FX Buddies Blog⁠Saleh said in a press statement followed by “Baghdad Today” that “the price of the dollar will be 1320 dinars in the coming days,” noting that “the important factors that work to reduce the value of the US dollar against the Iraqi dinar in the parallel exchange market will remain centered on two important variables, the first of which is the rise Capabilities of operating banks to

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41:04

Al-Sudani: We will not let the projects stop in any...

My FX Buddies ·

2024/05/24

Al-Sudani: We will not let the projects stop in any governorate, and their completion will change the economic and social reality⁠link⁠ to My FX Buddies Blog postPrime Minister Muhammad Shiaa Al-Sudani stressed today, Thursday, that we will not let the projects stop in any governorate, indicating that their completion will change the economic and social reality of the governorate.The media office of the Prime Minister stated, in a statement received by {Al-Furat News}, that “Al-Sudani chaired, in

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27:08

Biden extends the state of national emergency EO...

My FX Buddies ·

2024/05/21

Biden extends the state of national emergency EO 13303 in Iraq for an additional year⁠link ⁠to My FX Buddies BlogToday, Monday (May 20, 2024), US President Joe Biden announced the extension of the national emergency in Iraq for an additional year.Biden said in a letter addressed to the US Congress and published by the White House, “The obstacles to the orderly reconstruction of Iraq, restoring and maintaining peace and security, and developing political, administrative, and economic institutions in

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29:55

Sudani: General Budget Law No. 13 for the years...

My FX Buddies ·

2024/05/19

Sudani: General Budget Law No. 13 for the years 2023-2024-2025 has become effectivelink to My FX Buddies BlogPrime Minister Muhammad Shiaa Al-Sudani confirmed that the General Budget Law No. 13 for the years 2023-2024-2025, which was approved by Parliament and published in the Official Gazette last June, has become effective. Al-Sudani pointed out in a press conference today, attended by the National Iraqi News Agency, that “Article 77, paragraph one, makes the provisions of the law effective for a

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34:26

Iraq seeks collaboration with Amazon on data center...

My FX Buddies ·

2024/05/16

Iraq seeks collaboration with Amazon on data center to facilitate internet accesslink to MY FX Buddies BlogIraqi Minister of Communications Hiyam al-Yasiri held talks with Amazon representatives on Thursday to explore avenues for collaboration on establishing a data center in the country.The project, according to a statement from the Ministry of Communications, aims to improve internet affordability and access for Iraqi citizens.The discussions focused on potential partnerships between the ministry

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33:36

Next Sunday: an extraordinary session of the Council...

My FX Buddies ·

2024/05/15

Next Sunday: an extraordinary session of the Council of Ministers to discuss the budget schedules⁠link⁠On Tuesday, Iraqi Prime Minister Mohammed Shia Al-Sudani chaired the 20th regular session of the Council of Ministers, in which the general situation in the country was discussed, along with several vital files included in the government program.Al-Sudani's media office stated that the Prime Minister directed an extraordinary council session to be held next Sunday, May 19, to discuss the federal

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36:39

The dollar is reeling from a fatal blow and there are...

My FX Buddies ·

2024/05/12

The dollar is reeling from a fatal blow and there are fears of a collapse of the dinar⁠link⁠ to My FX Buddies Blog postThe fluctuation in dollar prices and the rise in gold prices has significantly affected the contraction of the commercial market in terms of imports and purchases of goods, amid confusion in opinions between the return of the rise in green and its decline to the official price set by the state of 1,320 dinars per dollar.The price of the dollar in the parallel market is currently

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39:33

The Iraqi Central Bank informs France of the plan to...

My FX Buddies ·

2024/05/10

The Iraqi Central Bank informs France of the plan to restructure government banks⁠link⁠ to My FX Buddies FX BlogA statement from the bank stated that, “The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received the French Ambassador to Baghdad, Patrick Durel, and the meeting dealt with ways to strengthen banking relations between the two countries, and His Excellency the Governor gave a comprehensive explanation of the relations and economic conditions, as well as the government’s

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36:43

Simplifies account opening and transfer processes.....

My FX Buddies ·

2024/05/08

Simplifies account opening and transfer processes.. Al-Rafidain explains the importance of adopting a comprehensive banking system⁠link⁠The bank's general manager, Ali Karim Hussein, told the Iraqi News Agency (INA): "Since we took over the management of the bank, Al-Rafidain Bank has begun activating the comprehensive banking system in its branches spread across government institutions and border crossings where the collection system is large." He explained, "The comprehensive banking system will

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