Episodes
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Central of Iraq Makes Big Announcement: New Bank in the US
The Central Bank of Iraq just announced that the Visa and MasterCard card issues abroad are set to be fully resolved by next month — ahead of schedule! 🏦✨Link to My FX Buddies Blog Governor Ali Mohsen Al-Alaq confirmed rapid agreements with Visa, MasterCard, the U.S. Treasury, and the Federal Reserve to settle international card transactions.In today’s update, he also revealed new plans to issue cards for small merchants to simplify foreign trade.If you 'd like to support My FX Buddies: https://buymeacoffee.com/tishwashWhat does this mean for Iraq's economy?How will it affect travelers, merchants, and international trade?Let's dive into all the important details!👉 Comment below: How do you think this will impact Iraq's financial future?👉 Don’t forget to LIKE, SUBSCRIBE, and HIT the 🔔 to stay updated on major economic news!#Iraq #BreakingNews #Visa #MasterCard #CentralBank #IraqEconomy #FinancialNews
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Gold speculation in the Iraqi market... What is Iran's involvement?link to My FX Buddies Blog
If you 'd like to support My FX Buddies: https://buymeacoffee.com/tishwashGet a free transcript at https://rss.com/podcasts/myfxbuddies/
Gold prices in Iraq are surging — but is it a sign of prosperity or panic? In this video, we dive into what's really happening behind the scenes. From the record-breaking global price jumps to sudden market dips, we explore how international tensions, local speculation, and Iran's hidden role are impacting gold in Baghdad, Erbil, Basra, and beyond.
💰 Why is gold rising so fast?🇮🇶 How is the Iraqi market reacting?🇮🇷 What role does Iran play?📉 Is this a bubble about to burst?
Tune in as we break it all down in plain terms. Whether you're interested in money, markets, or just trying to understand what’s happening with your savings — this one’s for you.
👇 Let me know in the comments:Have you noticed the rising gold prices? Do you think this is a good time to invest, or are we headed for a crash.
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Missing episodes?
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Why the Dollar Is Falling in Iraq: What’s Really Behind the Dinar's Rise?link to My FX Buddies Blog
The dollar exchange rate is dropping fast in Iraq—but why? 📉
If you 'd like to support My FX Buddies: https://buymeacoffee.com/tishwashGet a free transcript at https://rss.com/podcasts/myfxbuddies/In this video, I break down the real reasons behind the rising Iraqi dinar and what it means for you, your money, and Iraq’s economy in 2025. 🇮🇶💸From U.S. economic policies and global power shifts to local market trends during Ramadan, we dive deep into the international and internal forces shaping the currency market.
🔎 Topics Covered:
The surprising impact of Trump-era economic policies
How BRICS nations are shaking up global currency power
Why local demand during Ramadan affected the dollar
Is this decline temporary—or the start of something bigger?
💬 Drop your thoughts in the comments: Is the dinar finally on the rise for good, or just riding a temporary wave?
📌 Don’t forget to like, subscribe, and share if you found this helpful!
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“Iraq’s Economic Comeback: A New Era of Growth & Opportunity Revealed”link to My FX Buddies Blog
📈 Iraq is entering a powerful new chapter of economic development, according to the Prime Minister's Financial Advisor, Mazhar Mohammed Salih. With rapid GDP growth and stability, Iraq is now the 3rd strongest economy in West Asia — just behind Saudi Arabia and the UAE.
In this video, we break down:
The indicators of Iraq’s economic revival
The government's infrastructure and urban growth policies
Why international investors are now eyeing Iraq
What this means for the everyday Iraqi citizen
💬 Drop your thoughts in the comments — is Iraq finally stepping into its full economic potential?
🔔 Subscribe for more updates on Iraq’s progress, economy, and regional power moves.
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American Companies Are Coming to Iraq — What It Really Means for the Future
link to My FX Buddies Blog
If you 'd like to support My FX Buddies: https://cash.app/$tishwashGet a free transcript at https://rss.com/podcasts/myfxbuddies/The Federation of Iraqi Chambers of Commerce just announced that American companies, including Google, have visited Iraq and signed important agreements with the Iraqi private sector. This move is being seen as a major vote of confidence in Iraq's security and investment climate. A new regulatory framework is now in place, especially in critical sectors like electric power and renewable energy.
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President of the Republic: Iraq possesses enormous wealth that must be invested in supporting its economy in the best possible way.link to My FX Buddies Blog
If you 'd like to support My FX Buddies:https://buymeacoffee.com/tishwashPresident of the Republic, Abdul Latif Jamal Rashid, stressed, on Sunday, that Iraq possesses enormous and diverse wealth that must be invested in supporting its economy in the best possible way.
A presidential statement said that "President of the Republic, Abdul Latif Jamal Rashid, received at the Baghdad Palace, Minister of Industry and Minerals, Khaled Battal Al-Najm."
The President pointed out during the meeting that "Iraq possesses enormous and diverse wealth that must be invested in supporting the Iraqi economy in the best possible way." -
The dollar rises and the dinar falls. The poor pay the price in the Iraqi market.
link to My FX Buddies Blog
If you 'd like to support My FX Buddies: https://buymeacoffee.com/tishwashAs the Iraqi Dinar weakens against the US Dollar, everyday citizens—especially those with limited incomes—are feeling the impact in the markets. In this video, we break down insights from economic expert Salah Nouri, who explains how changes in the exchange rate are shaking Iraq’s economy and hurting purchasing power.
🟢 Why is the dollar going up in Iraq?
🔴 What does the drop in the dinar mean for local families?
⚖️ Who benefits—and who loses—when the dinar falls?📊 Recent fluctuations like the jump from 1,200 to 1,320 IQD per USD may help the government’s liquidity—but they are crushing the poor.
From import dependency to oil price volatility, we unpack the major forces behind this currency shift and what it means for the future of Iraq’s economy.
👁🗨 Watch now for a simple explanation of what’s happening—and what’s next.
👉 Subscribe for more updates on the Iraqi Dinar and Middle East financial news.
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Al-Daraji: Government Priorities Are Strengthening the Economy
link to My FX Buddies Blog
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Mohammed Sahib Al-Daraji, Advisor to the Prime Minister for Technical Affairs and Head of Sovereign Guarantees, confirmed that the government's priorities are to strengthen the Iraqi economy.
Daraji said during his attendance at the meeting of the International Export, Trade and Project Finance Corporation held in Dubai, in a statement received by the Iraqi News Agency (INA), that "Iraq is a stable country with a strong economy," stressing that "Iraq welcomes direct investment through private sector financing."
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Plunging Oil Prices Jeopardize Iraq’s Budget: Will the Government Resort to Dollar Revaluation?
link to My FX Buddies Blog
If you 'd like to support My FX Buddies: https://buymeacoffee.com/tishwashGet a free transcript at https://rss.com/podcasts/myfxbuddies/Iraq is bracing for renewed economic turbulence as oil prices fall below the critical $65 per barrel mark—five dollars short of the benchmark adopted in the country’s federal budget. The slide in global crude markets threatens to erode the very foundation of Iraq’s oil-dependent economy, prompting speculation over potential fiscal and monetary policy shifts.
According to economic analyst Salah Boushi, the continued depreciation in oil prices could severely undermine the state’s ability to fund essential institutions and public services. “The longer this drop persists, the more pressure the government will face,” he told Kurdistan24. “A flexible, carefully calibrated strategy is imperative. Increasing oil production may become necessary to offset lost revenues.”
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MP: June will mark the end of dollar smuggling in Iraqlink to My FX Buddies Blog
Shingal said in a statement monitored by (IQ): "Our transfers are currently considered dollar smuggling, but the situation is now better. I believe that in June, regular correspondence will be adopted, which will significantly reduce smuggling, and may even lead to its near disappearance."
He noted that "some type of oversight will be imposed on the payment system in Iraq, including knowing who paid, how they paid, and where the money was spent. These processes will be automated to ensure transparency and track expenditures."
Shingal explained: "The goal of these measures is to reduce the amount of support provided to factions and those loyal to Iran. It is true that reaching zero support is not currently possible, but we are very close to achieving it, and this is the primary goal."
He added, "Another goal is the entry of 60 American companies into the Iraqi market daily, and this is a very positive sign." -
Erbil and Washington agree on the need to resume the region's oil exports.
link to My FX Buddies Blog
If you 'd like to support My FX Buddies:https://buymeacoffee.com/tishwashGet a free transcript at https://rss.com/podcasts/myfxbuddies/
Kurdistan Regional Government Prime Minister Masrour Barzani discussed the latest developments in the region in a phone call with US Secretary of State Marco Rubio, stressing the importance of strengthening bilateral relations.
During the phone call, the two sides agreed, according to a statement from the Kurdistan Regional Government, on the importance of strengthening and consolidating the bonds of friendship and alliance between the Kurdistan Region and the United States.
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Vice President of the American Chamber of Commerce: The Treasury Department will play a role in developing the Iraqi economy.
link to My FX Buddies Blog
If you 'd like to support My FX Buddies: https://buymeacoffee.com/tishwashGet a free transcript at https://rss.com/podcasts/myfxbuddies/
The Vice President of the U.S. Chamber of Commerce, Steve Lutes, confirmed on Wednesday that the Treasury Department will play a role in developing the Iraqi economy. Meanwhile, the head of the Iraqi Economic Council stated that the country is much better off economically today than in previous years."Our visit to Iraq is the largest visit by businessmen from various sectors from the United States of America," Lotus said during a press conference attended by a Shafaq News Agency correspondent.
He added, " Iraqi Prime Minister Mohammed Shia al-Sudani is working to establish partnerships between Iraqi and American companies to develop Iraq's industrial and economic sectors."
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Private banks continue to monopolize foreign remittances, without providing any tangible banking services!
This is a NotebookLm AI generated podcast
See the entire article that is the basis for the podcast at:
https://www.myfxbuddies.com/2025/04/the-treasury-department-will-play-role.html
Many economic experts believe that foreign and local banks with foreign management, such as the Jordanian-run National Bank of Iraq, monopolize bank transfers in Iraq and deprive local banks of these services, without providing any tangible banking services to Iraqis. The Iraqi banking system is collapsing because most Iraqi banks are subject to US sanctions. This has prompted foreign and local banks with foreign management to monopolize bank transfers in Iraq and deprive local banks of these services, without providing any tangible banking services.
This was done with the approval of the Central Bank of Iraq, despite the fact that these banks, including the Jordan National Bank, lacked any competitive advantage. However, they were guaranteed by the Americans and had accounts opened for them at Citibank and JPMorgan Chase in the United States, solely because they were owned by foreign investors affiliated with banks in Jordan and the Gulf.
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Economist: The dollar in Iraq will not be affected by any international changes
link to My FX Buddies Blog
If you 'd like to support My FX Buddies:https://www.paypal.com/paypalme/tishwashGet a free transcript at https://rss.com/podcasts/myfxbuddies/Economic expert Duraid Al Anzi confirmed that the stability of the dollar exchange rate in Iraq and the slight downward trend are due to local factors, explaining that the dollar in the country will not be affected by any international changes at the moment.
Al-Anzi told Al-Furat News Agency that "the current exchange rate situation reflects that black market traders have stopped manipulating currency prices, relying heavily on sales from the Central Bank of Iraq."
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Iraqi PM Launches Ambitious Banking Sector Reform
link to My FX Buddies Blog
If you 'd like to support My FX Buddies: https://buymeacoffee.com/tishwashGet a free transcript at https://rss.com/podcasts/myfxbuddies/Prime Minister Mohammed Shia' Al-Sudani addressed the Conference on Reforming the Iraqi Banking Sector on Monday, outlining an ambitious agenda to modernise Iraq's financial infrastructure and promote sustainable economic development.
Key initiatives and achievements highlighted in the Prime Minister's address include:
Implementation of a three-year national budget, enabling long-term planning and strategic investment in health, education, and infrastructure.Efforts to diversify revenue sources by automating customs with the Automated System for Customs Data (ASYCUDA) system and improving tax systems, resulting in a 128% increase in customs revenues and 22% rise in tax revenues.Structural reforms of Rafidain, Rasheed, Industrial, and Agricultural Banks, supported by an international consultancy firm. -
Al-Sudani's advisor talks about a "new chapter" with Washington and the agenda of a US delegation in Iraq soon.
link to My FX Buddies Blog
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Farhad Alaaldin, the Iraqi Prime Minister's advisor for foreign affairs, spoke about a "new chapter in the Iraqi-American partnership." He also touched on a "promising" opportunity for American companies specializing in the manufacture of floating platforms and the supply of liquefied natural gas to participate effectively in Iraq. He also revealed the agendas of a "high-level" American delegation visiting Iraq this month. -
The Impact of New US Policies on the National Economylink to My FX Buddies Blog
If you 'd like to support My FX Buddies:https://cash.app/$tishwashGet a free transcript:https://rss.com/podcasts/myfxbuddies/ Most countries around the world have been affected by these repercussions, which have had a profound impact on the Iraqi economy. What concerns us is the results of these repercussions and the expected impacts and implications for the economic reality in Iraq in the coming years and until 2030.
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Iraq is recovering... an important message from Grand Ayatollah Sistani to the Iraqi peoplelink to My FX Buddies BlogIf you 'd like to support My FX Buddies:https://cash.app/$tishwash
Get a free transcript:https://rss.com/podcasts/myfxbuddies/In a message conveyed by one of his representatives and monitored by the Video News Agency, Ayatollah Sistani said, "The country is moving toward recovery and stability," calling on everyone to "not fear and to cling to hope for a better future."also ... An interview
They talk about:
What it takes to succeed in frontier markets like IraqHow the Iraqi diaspora is returning to build the countryWhy the future of tech in Iraq is brighter than you thinkReal estate, startup exits, and investing in one of the most misunderstood economies on earth -
Iraq Central Bank: We will launch a major initiative to finance industrial projects
link to My FX Buddies
If you 'd like to support My FX Buddies:https://www.paypal.com/paypalme/tishwashHe added, "This initiative was recently proposed by the Cabinet as part of the government's banking sector reform program and government measures with the Central Bank," noting that "the Cabinet agreed to cooperate between government banks with a financial surplus to finance a package of industrial projects through the Industrial Bank."
He explained that "all other projects are funded according to their sectoral channels, as part of the government's general approach to supporting industrial, agricultural, housing, education, health, investment, and other projects."
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Iraq prepares to receive a delegation representing 50 American companies.link to My FX Buddies Blog
If you 'd like to support My FX Buddies:https://cash.app/$tishwash
he Iraqi Embassy in the United States announced on Saturday arrangements to receive a delegation representing 50 American companies specializing in energy, healthcare, education, and other sectors.
A statement published by the Iraqi Embassy in Washington, followed by "Ultra Iraq," stated that "Iraqi Ambassador Nizar Al-Khairallah met with Steve Lutes, Vice President of the U.S. Chamber of Commerce and President of the U.S.-Iraq Business Council, along with his deputies.
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