The Governor of the Central Bank of Iraq, Ali Al-Alaq, has

⁠link to My FX Buddies Blog⁠

publicly denied any plan to change the dollar-to-dinar exchange rate, saying: “There is no talk or discussion within the Central Bank or the government about adjusting the official exchange rate.” His statement came during the Iraq Investment Forum, directly addressing days of speculation that Iraq might revalue or devalue its currency.

Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.... ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠....

💬 Why it matters: The rumor mill had stirred panic among citizens, traders, and investors worried about inflation or further pressure on the dinar. Al-Alaq’s message was clear — “Everything being circulated is untrue.” But analysts see this as more than a denial. It’s a calculated move to calm markets and prevent volatility in the face of global pressures and internal liquidity concerns.

💰 The big question: Will the dinar truly remain stable, or are these reassurances a temporary shield before deeper monetary adjustments ahead?

After more than two and a half years of suspension, link to My FX Buddies Blog⁠ the Kurdistan Region’s oil exports officially resumed — at a very specific time: 06:00 AM. But why that exact hour?

According to technology consultant Kewan Hassan, it’s no coincidence. The timing is tied directly to global market integration and electronic trading systems that keep the world’s oil flowing in sync.

Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.... ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠....

⏰ Here’s why 6:00 AM matters: Global Market Start: It aligns with the opening hours of the world’s top oil exchanges — NYMEX in New York and ICE in London — ensuring Kurdistan’s exports are in step with international pricing and futures contracts.

Electronic System Synchronization: At 6:00 AM, banking systems, trading platforms, and data networks worldwide begin processing oil transactions simultaneously. This guarantees consistency, reduces transaction delays, and ensures global liquidity moves evenly. The restart of Kurdistan’s oil exports from Duhok’s Peshawar field to Turkey’s World Port marks not just a return to trade, but Iraq’s reentry into the precise rhythm of global energy markets. ⁠#iqd⁠ ⁠#IraqiDinar⁠News⁠ ⁠#iraqidinar⁠

After 18 years of division, Iraq has entered a new era of energy unity. ⁠link to My FX Buddies Blog⁠

The State Oil Marketing Organization (SOMO) has released the full details of the historic tripartite oil agreement between Baghdad, Erbil, and the international oil companies operating in the Kurdistan Region — a deal that could permanently reshape Iraq’s oil policy and financial future. At a press conference, SOMO Director Ali Nizar Faiq explained that the deal was reached through “constructive, professional negotiations” and includes a new mechanism to compensate companies operating in Kurdistan. The agreement establishes:

Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.... ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠....

$16 per barrel compensation to the Kurdistan Region and its oil partners Revenues deposited into Iraq’s account at the U.S. Federal Reserve In-kind payments to replace direct cash transfers Oversight by an independent international consulting firm to verify production and transport costs The first phase of exports begins with 190,000 barrels per day, with 50,000 barrels reserved for domestic use in Kurdistan. Iraqi Prime Minister Mohammed Shia al-Sudani called it “an achievement we have been waiting for 18 years,” while KRG Prime Minister Masrour Barzani said it marks “a new chapter for fair wealth distribution and national partnership.” Experts like Nabil al-Marsoumi and Hoshyar Zebari believe this could become a permanent agreement — a long-term framework that strengthens Iraq’s sovereignty, attracts global investment, and restores stability to the nation’s energy sector. This historic deal doesn’t just restart oil exports — it redefines Iraq’s future.

An economic expert revealed that Iraq's gold reserves have reached record levels,

link to My FX Buddies blog

unprecedented for the Central Bank, in a clear indication of the country's strengthening financial strength. Record growth in reserves Economic expert Munir al-Obaidi said in a post on his social media page on Wednesday, September 24, 2025, that the Central Bank of Iraq's gold reserves exceeded 24 trillion dinars, a 13.3% annual increase and a 135% increase compared to 2022. He added that gold reserves accounted for 20% of the total reserves, which amounted to 123 trillion Iraqi dinars. He noted that this figure represents a record high since the establishment of the Central Bank of Iraq, as gold reserves had previously not exceeded 20 trillion dinars, and its contribution to total reserves had never reached 20% before.

Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠....

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠....

The impact of gold on the Iraqi economy Al-Obaidi explained that reaching this level of gold reserves enhances the strength and value of the Iraqi dinar, especially in light of the global fluctuations witnessed by various currencies, including the dollar. He pointed out that the Central Bank of Iraq is keen to increase the percentage of gold reserves because it represents a factor of safety and financial stability in the face of international economic fluctuations, and enhances the ability to confront any potential financial crises. Conclusion The rise in Iraq's gold reserves to record levels is a significant financial achievement that reflects the Central Bank's prudent reserve management policies, enhances confidence in the Iraqi dinar, and provides additional protection for the national economy from global market fluctuations. #iqd #IraqiDinar⁠News #IraqiDinar #exchangerate

Iraq’s government is once again considering deleting three zeros from the dinar, ⁠

link to My FX Buddies Blog⁠ a move that has stirred up both public concern and expert warnings. For ordinary citizens, the fear is clear: if salaries and pensions are not raised first, redenomination could make daily life even harder. Many Iraqis already struggle with weak wages, high costs, and inflation pressures. Without a social safety net, they worry this decision would only add to their suffering.

Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠.

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠.

Economic experts are equally cautious. They argue that Iraq’s fragile financial situation cannot withstand a sudden shock without months of preparation and stronger reserves. Dr. Safwan Qusay stressed that removing zeros requires strict banking controls, border monitoring, and safeguards against money laundering and corruption.

📉 The big questions: Will redenomination actually strengthen the dinar, or just reshuffle numbers? Can the government protect citizens’ purchasing power? How can Iraq avoid this reform becoming a loophole for corruption? Analysts say the safe path involves gradually raising wages, building reserves, educating the public, and ensuring transparent oversight. Until then, the future of Iraq’s currency — and its impact on everyday life — remains uncertain. #iqd #IraqiDinar⁠News #IraqiDinar #exchangerate

After months of stalled negotiations, a breakthrough has

⁠link to My FX Buddies ⁠

finally come: Baghdad, Erbil, and oil companies signed a tripartite agreement in Erbil to resume oil exports from Kurdistan’s fields. According to insiders, the deal was concluded during a high-level meeting between the Kurdistan Regional Government’s Ministry of Natural Resources, Iraq’s Federal Ministry of Oil, and representatives from the North Oil Company and other producers.

Support My FX Buddies:

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠.

⁠Prime Minister Mohammed Shia al-Sudani has reportedly urged officials to remain discreet on the details until he makes the official announcement, but sources confirm that oil exports from Kurdistan will restart immediately.

📌 Why this matters: For months, disputes over oil production, export pricing, and non-oil revenues paralyzed Baghdad’s ability to send salaries to employees, retirees, and subsidy recipients in the Kurdistan Region. With this deal in place, officials say there are no more obstacles to releasing salaries, and the Council of Ministers could make a decisive move as early as tomorrow’s session. #iqd #IraqiDinar⁠News

#IraqiDinar #exchangerate

The Central Bank of Iraq has set a bold timeline: July 2026 ⁠link to My FX Buddies

⁠ could mark the official end of all cash payments in government institutions and major facilities. According to Central Bank official Durgham Musa, trillions of dinars have already been paid electronically, with the Ministry of Interior operating completely cashless.

The initiative is being driven under the direct supervision of Prime Minister Mohammed Shia al-Sudani, signaling the government’s commitment to modernize Iraq’s financial system. In this video, we explore: The Central Bank’s plan to phase out cash transactions by 2026 How trillions of dinars are already being processed electronically

The role of government ministries and private institutions in the transition Why this shift is about more than convenience: tackling corruption, improving transparency, and boosting financial inclusion The challenges Iraq still faces: infrastructure gaps, digital literacy, and trust in new systems

Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠.

💳 Iraq’s cashless deadline could mark the beginning of a new economic era. But will the country be ready? #iqd #IraqiDinar⁠News #IraqiDinar #exchangerate

Iraq’s public debt is rising at an alarming pace, raising fears about the future of the economy. ⁠Link to My FX Buddies ⁠ Official figures show debt reaching 87.7 trillion dinars by mid-2025, with both internal and external borrowing climbing.

While Iraq’s debt-to-GDP ratio (42.9%) remains lower than countries like Lebanon or Sudan, experts warn that the nation’s heavy reliance on oil revenues makes the situation fragile and risky. In this video, we break down the key issues: The Central Bank’s latest debt figures and where the money is going How excessive government spending and weak non-oil production widen the gap Why the absence of a clear, unified budget creates economic chaos The dangerous cycle of borrowing to cover deficits, while citizens lose confidence in salaries and pensions

The risk of Iraq’s future budgets being swallowed up by debt servicing instead of investments in growth

Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠.

📉 Without urgent reforms, Iraq risks sinking deeper into a debt spiral — where every oil price drop brings fresh crises and the future of financial stability remains in doubt. #IraqiDinar⁠News #IraqiDinar #exchangerate