My FX Buddies

Is Iraq's exchange rate back under discussion? A major controversy is https://www.myfxbuddies.com/2026/11/is-parliament-demanding-rate-change.htmldeveloping around the country's proposed 2027 budget, and parliamentary criticism is raising questions about the dollar exchange-rate calculation, government spending, and a projected deficit of approximately 43 trillion Iraqi dinars.Former parliamentary finance committee member Muhammad al-Shabaki says the proposed budget has grown far beyond expectations, reaching 217 trillion dinars despite government promises to rationalize spending.But there's another issue.MP Mohammed Araboud says the budget tables may have been calculated using an outdated exchange-rate figure. He argues that the figures need immediate review following a subsequent government decision.Does this mean Parliament is demanding a change in the dinar exchange rate? Not necessarily. The article describes a dispute over the exchange-rate calculation used in the budget. It does not establish that Parliament has formally requested a new official rate.Meanwhile, economist Nasser al-Kinani is questioning the enormous spending commitments, the pension fund, social welfare expenditures, and the expansion of government employment and special-grade positions.IN THIS VIDEO:Is Parliament questioning Iraq's exchange-rate calculation?Why is the 217-trillion-dinar budget under fire?What does a projected 43-trillion-dinar deficit mean?Why are lawmakers concerned about government spending?Is the pension fund being supported in the wrong way?Why does social welfare account for such a large portion of spending?What are the concerns about government employees and special-grade positions?Could spending reform help Iraq's financial stability?Iraq's budget decisions matter to its economy, banking system, government finances, and the future purchasing power of the Iraqi dinar.Let's separate the facts, the criticism, and the unanswered questions.💬 JOIN THE CONVERSATION: Do you believe Iraq needs to review its exchange-rate calculations before approving the 2027 budget? Leave your thoughts in the comments!👍 Like, share, and subscribe for more Iraqi dinar news, Iraq economic updates, banking reform, and financial developments.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

Is Iraq preparing for a major financial transformation? One economic https://www.myfxbuddies.com/2026/11/jpmorgan-citi-iraq-wants-bigger-place.htmlexpert says the country must move beyond its dependence on oil and make significant structural reforms to become more integrated into the global financial and trade system.According to economic expert Ahmed Abdel Rabbo, Iraq needs to improve its international credit rating, strengthen its banking sector, and open the door to more direct relationships with major international financial institutions, including Citibank and JPMorgan.But what needs to change before that can happen?In this update, we're examining Iraq's proposed economic reform roadmap and what it could mean for the banking sector, international investment, and the Iraqi dinar.Topics covered:Why Iraq's dependence on oil remains a major economic challenge.The credit ratings cited by the economic expert and why they matter.How Iraqi banks could qualify for direct correspondent banking relationships.The potential role of Citibank and JPMorgan in international financial transactions.Why Iraq is being encouraged to move from traditional bank transfers (TT) toward documentary letters of credit (LC).How stronger banking compliance, AML, and KYC procedures could help Iraq's financial system.Why improving the credit rating could reduce borrowing costs and attract international investors.The importance of developing agriculture and local production.How tax and customs automation could improve government efficiency.Whether these reforms could support the stability of the Iraqi dinar's purchasing power.The bigger question is whether Iraq can successfully move beyond the rentier economy model and build a diversified, competitive economy with stronger international financial connections.These are proposals and recommendations outlined by the economic expert, not confirmation that all of these reforms have already been implemented.What do you think? Could stronger international banking access be one of the most important steps in Iraq's economic transformation? Share your thoughts below!Subscribe for more Iraqi dinar news, Iraq economic updates, banking reform, currency developments, and analysis.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

Is Iraqi Prime Minister Ali al-Zaidi facing a growing political and https://www.myfxbuddies.com/2026/11/iraqs-power-struggle-factions.htmlsecurity crisis? Two reports suggest that efforts to bring armed factions under state control are encountering serious resistance, with disarmament negotiations reportedly reaching a near-dead end.A government source close to al-Zaidi warned that negotiations have stalled because some armed factions continue to refuse to hand over their weapons. The source also warned that escalating media attacks and political tensions could spill into the streets and affect Iraq's security situation.Meanwhile, political analyst Ihsan al-Shammari believes the reported Republican Party setback in the United States could create new opportunities for al-Zaidi's opponents to pressure his government and challenge his understandings with the Trump administration's representatives.In this update, we're looking at:Why Iraq's disarmament negotiations are reportedly stalling.The armed factions refusing to surrender their weapons.The growing political pressure on Prime Minister Ali al-Zaidi.Concerns that political and media escalation could turn into street confrontation.The role of the Coordination Framework and its efforts to contain tensions.How a shift in Washington's political balance could affect Iraq's political landscape.The international dimension, including American support for bringing weapons under state authority.Is al-Zaidi losing political ground, or can his government find a way to move forward without triggering a wider confrontation?These are important developments for Iraq's political stability, government authority, and future security.Join the conversation! What do you think happens next? Can Iraq bring all weapons under state control through negotiations, or are tensions heading toward a confrontation? Share your thoughts in the comments!Subscribe for more Iraqi dinar news, Iraq economic updates, banking reform, political developments, and analysis.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 be preparing to turn its oil wealth into lasting generational wealth?https://www.myfxbuddies.com/2026/11/iraqs-oil-wealth-new-plan-to-build-for.htmlIraq's government has taken a significant step toward establishing a Generations Fund, an initiative designed to transform natural-resource revenues into long-term investments that could benefit both today's economy and future generations.The idea is ambitious: rather than relying primarily on immediate government spending, Iraq could direct a portion of its wealth toward productive investments that generate returns for years to come.But how would this fund actually work?In this video, we'll explore the proposed Generations Fund, its potential funding sources, the legal framework needed to establish it, and the types of projects it could support.Potential investment areas include:Airports, highways, and transportation infrastructureIndustrial and residential citiesTourism and commercial developmentAgriculture and healthcareProductive assets that generate long-term returnsWe'll also look at Iraq's existing Iraq Development Fund and why defining the relationship between the two institutions will be important.And there's an interesting international comparison. Countries and regions such as Norway, Kuwait, and Alaska have established different approaches to investing natural-resource wealth for the future. Could Iraq learn from these experiences?The article also raises important questions about funding, transparency, governance, oversight, and protecting the fund's assets.One possibility discussed is including provisions in Iraq's 2027 general budget, if approved through the legislative process. However, a dedicated legal framework and safeguards would still be necessary.The bigger question: Can Iraq move beyond depending on oil revenues for immediate spending and begin building an investment foundation for future generations?Let's discuss what this could mean for Iraq's economy and its long-term financial future.🇮🇶 Follow Iraq's Story for continuing coverage of the Iraqi dinar, Iraq's economy, oil revenues, banking reform, investment, infrastructure, and economic development.👍 LIKE, SUBSCRIBE, and SHARE if you enjoy following Iraq's economic transformation!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

Iraq is making a major prediction about the country's parallel-market dollar rate.https://www.myfxbuddies.com/2026/11/iraqs-dollar-rate-it-will-be-very-close.htmlDeputy Prime Minister Mohammed Tamim says the parallel-market exchange rate will decrease and move much closer to Iraq's official exchange rate — and he went a step further, saying, “I am responsible for this statement.”The prediction comes as Iraq says it is receiving significantly larger quantities of physical US dollars.According to Tamim, cash dollar supplies had previously fallen below $3 billion per year, while the US government is now sending approximately $3 billion over a two-month period. He said the first shipment had arrived and another shipment of more than $500 million was expected at the beginning of November.Iraq recently changed its official exchange rate, with the final selling price of the dollar to citizens and non-bank financial institutions set at 1,520 Iraqi dinars per US dollar. The article reports that the Baghdad market was trading around 168,750 dinars per $100.That creates a significant gap between the official and parallel markets.So the big question is:Can an increased supply of physical US dollars, combined with government and Central Bank measures, actually bring the parallel-market rate down toward the official rate?In this video, we'll break down the new dollar shipments, Iraq's exchange-rate adjustment, the $3 billion cash-supply claim, the current official-versus-parallel gap, and Deputy Prime Minister Mohammed Tamim's unusually confident prediction.We'll also look at what would need to happen for the parallel-market rate to actually move closer to the official rate — and what to watch for in the coming weeks.🇮🇶 Follow Iraq's Story for continuing coverage of the Iraqi dinar, Central Bank of Iraq developments, exchange rates, dollar liquidity, banking reform, oil revenues, and Iraq's economic transformation.👍 If you found this update useful, please LIKE, SUBSCRIBE, and SHARE it with others following Iraq's currency and economy.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

Is Iraq heading back to the IMF?https://www.myfxbuddies.com/2026/10/imf-prepares-new-bailout-package-for.htmlThe International Monetary Fund says it is engaging with Iraqi authorities to prepare a new program as Iraq faces severe financial and economic pressure.The IMF says Iraq's narrow non-oil revenue base is putting pressure on its fiscal position, while the country's heavy dependence on energy exports leaves it particularly vulnerable to disruptions in oil exports and regional conflict.The IMF has also forecast that Iraq's economy could contract by 16% this year.At the same time, Iraqi Prime Minister Ali Falih al-Zaidi has argued that his government does not want to rely on additional external or domestic borrowing.Zaidi says he inherited public debt exceeding 208 trillion Iraqi dinars and that the government needs roughly 10 trillion dinars every month to provide salaries.According to Zaidi, the government faced difficult choices: delay payments, spread salary payments further apart, or borrow more money. He says the government chose to adjust the exchange rate rather than add more debt.So why is the IMF now engaging with Iraq on a new program?In this video, we'll break down what the IMF has said, Iraq's debt and fiscal pressures, the impact of oil-export disruptions, the 16% contraction forecast, Zaidi's explanation for the exchange-rate adjustment, and what a potential IMF program could mean for Iraq's economy and the Iraqi dinar.We'll also look at the important distinction between an IMF "program" and an actual bailout, and why that distinction matters when discussing Iraq's financial future.🇮🇶 Follow Iraq's Story for continuing coverage of the Iraqi dinar, Iraq's economy, Central Bank of Iraq developments, exchange rates, IMF programs, banking reform, oil revenues, and Iraq's financial transformation.👍 If you found this update useful, please LIKE, SUBSCRIBE, and SHARE it with others following Iraq's currency and economy.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

Iraq's dollar reserves have reportedly recovered to around $80 billion, https://www.myfxbuddies.com/2026/10/80-billion-iraqs-dollar-reserves-surge.htmlup from approximately $73 billion during the previous period, according to statements attributed to Central Bank of Iraq spokesman Mahmoud Dagher.At the same time, Iraq says US dollar cash shipments are continuing, with two planes reportedly arriving and each shipment carrying approximately $500 million in physical US currency.That means roughly $1 billion in cash shipments could already have arrived, while additional deliveries are expected in the coming days — subject to security conditions.In this video, we break down Iraq's reported $80 billion in dollar reserves, the recovery attributed partly to oil export revenues, the continued arrival of physical US dollars, and what this could mean for Iraq's dollar liquidity and exchange-rate environment.The Central Bank also says Iraq's gold reserves remain unchanged at approximately 170 tons.Another important part of the story is where Iraq keeps its reserves. According to the central bank spokesman, the majority of Iraq's reserves are held with the US Federal Reserve because of the protection it provides, while additional reserves are distributed among financial centers in Europe, Basel, the UAE, and China.We'll also discuss why Iraq has reportedly increased the number of annual dollar allocations available to travelers and why continued physical cash shipments remain connected to security conditions and the safe transportation of the money.For those following the Iraqi dinar, the big questions are: Does stronger dollar liquidity help stabilize Iraq's currency market? Can rebuilding reserves provide additional financial protection? And what could continued US cash shipments mean for Iraq's exchange-rate strategy?🇮🇶 Follow Iraq's Story for continuing coverage of the Iraqi dinar, Central Bank of Iraq developments, exchange rates, dollar liquidity, oil revenues, banking reform, and Iraq's economic transformation.👍 If you found this update useful, please LIKE, SUBSCRIBE, and SHARE it with others following Iraq's currency and economy.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

Is the Iraqi dinar really the 2nd worst-performing Arab currency? My FX Buddies BlogTranscripción en español  A new report citing data attributed to Bloomberg says the Iraqi dinar has fallen 14.2% against the U.S. dollar since the beginning of 2026, placing it behind the Libyan dinar among the Arab currencies cited.But there's an important distinction.A currency being one of the worst-performing currencies does NOT mean it has one of the lowest nominal values.And Iraq's currency situation has become especially important following the October 7 exchange-rate adjustment.The Central Bank of Iraq announced a new exchange-rate structure of:💵 1,500 IQD per $1 — dollar purchases from the Ministry of Finance💵 1,510 IQD per $1 — sales to banks💵 1,520 IQD per $1 — cash sales to the public. البنك المركزيReuters reported that the change represented roughly a 14.5% devaluation from the previous official rate, while noting that the move gives the government more dinars for each dollar of oil revenue but raises import costs and puts pressure on household purchasing power. ReutersMeanwhile, the CBI says its foreign reserves remain sufficient to meet legitimate foreign-exchange needs, including trade financing, international card settlements and traveler cash requirements. البنك المركزيSo the bigger question isn't simply:“Is the dinar falling?”It's:Why is it falling, how long could the pressure last, and what happens if the gap between the official and parallel markets grows?In this video we'll look at:🇮🇶 The 14.2% figure💵 The new 1,520 exchange rate🛢️ Iraq's dependence on oil revenues🏦 The Central Bank and foreign reserves📈 The parallel-market dollar🛒 Import prices and purchasing power💰 Government spending and the budget🌎 Iraq's dependence on foreign currency📊 What could determine the dinar's next moveAnd most importantly:Is this an exceptional response to a difficult economic situation—or a sign that Iraq needs deeper financial and structural reforms?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

Where are the $3 billion Iraq was expecting?https://www.myfxbuddies.com/2026/10/is-3-billion-new-carrot-iraq-is-still.htmlA new report from Al-Mada has put another major question on Iraq's dollar market.Parliamentary Finance Committee member Jamal Kojar says the Iraqi government was expecting $3 billion in Iraqi funds held in the United States to be released in one lump sum.But Kojar says he cannot confirm whether the money has arrived yet.He believes the delay may be contributing to the rise in the parallel-market dollar rate. He also says that government intervention and additional dollar availability could help bring the parallel rate toward approximately 155,000–156,000 dinars per $100. جريدة المدىImportantly, Kojar also clarified that these are Iraqi funds—not U.S. government money being sent to finance Iraq's budget. He said the expected funds are intended to support the exchange rate rather than the budget itself. جريدة المدىAnd this comes after Iraq's major exchange-rate change earlier this month. The new structure sets the Central Bank's purchase rate at 1,500 IQD per dollar, the bank rate at 1,510, and the public/end-user rate at 1,520. So the big questions are:💵 Where are the $3 billion?💵 Have the funds actually arrived?💵 Can additional dollar liquidity calm the parallel market?💵 Will the official and parallel rates move closer together?💵 And what other measures could Iraq take next?We'll also look at the broader financial and economic developments surrounding Iraq's currency and 2027 budget.As always, we'll separate what has actually been confirmed from what is still being reported, expected, or speculated.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

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