My FX Buddies

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

A new Iraqi government policy is putting the Iraqi dinar back at the center of domestic commerce. https://www.myfxbuddies.com/2026/10/use-iraqi-dinar-baghdad-launches-new.htmlMazhar Muhammad Saleh, an adviser to Prime Minister Ali al-Zaidi, says there is a government direction to adopt the Iraqi dinar for transactions within Iraq, in accordance with the country's existing legal framework.The announcement comes only days after Iraq implemented a new exchange-rate structure.Beginning October 7, 2026, the Central Bank of Iraq set:💵 1,500 IQD per USD — dollar purchase price from the Ministry of Finance🏦 1,510 IQD per USD — dollar sale price to banks🇮🇶 1,520 IQD per USD — cash dollar sale price to the publicThe Central Bank says the new rates were adopted in response to current economic and financial conditions and following a Council of Ministers recommendation. It also says foreign reserves remain sufficient to meet legitimate foreign-currency needs.Now the government is emphasizing the use of the dinar for domestic transactions, along with stronger market oversight, consumer protection, anti-monopoly measures and support for local production.Prime Minister Ali al-Zaidi has also defended the exchange-rate adjustment before Parliament, saying the government faced difficult choices involving salary payments, borrowing and the country's already-large debt burden. He said public debt had exceeded 208 trillion dinars when he took office and that the government needed roughly 10 trillion dinars every month to meet its obligations.So what does this new push for dinar-based transactions actually mean?Does it signal a broader move toward reducing reliance on dollars inside Iraq?Could it strengthen demand for the Iraqi dinar?And how does it fit into Iraq's broader banking, exchange-rate and economic reforms?We're breaking down the facts—and what to watch next.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 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