My FX Buddies

Author: Tish Washington

Iraqi news mostly regarding movement in the process of them increasing the value of their currency the Iraqi Dinar.
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Language: en

Genres: News, News Commentary

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NeW Dec 1 Mechanism Shakes Iraq’s Market — NOT the Exchange Rate!
Monday, 24 November, 2025

The sudden rise of the dollar in Iraq wasn’t caused by a link to My FX Buddies Blogchange in the official exchange rate — and the Central Bank made that clear.So what really happened?Economist Manar Al-Obaidi reveals the truth:👉 The spike is tied directly to the new customs pre-calculation mechanism launching December 1.Under this historic reform, no bank will be allowed to process foreign transfers unless customs fees are calculated in advance. This closes the door on decades of:If you'd like to Support the channel: ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠ ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠ ⁠ a FREE transcript at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://rss.com/podcasts/myfxbuddies⁠...⁠.✔ customs smuggling✔ fake invoices✔ money laundering✔ speculative transfers✔ random imports draining reservesYes, markets may experience temporary turbulence, but this reform could:– raise customs revenues to 6–8 trillion IQD annually– reduce artificial dollar demand– protect Iraq’s foreign reserves– restore order to trade– end chaotic import practices– strengthen Iraq’s financial systemAl-Obaidi notes resistance will be fierce — especially from speculators and traders who benefit from the old system — but this is a necessary shock on the way to long-term stability.This is NOT a currency crisis.This is Iraq beginning a historic correction after 20 years of chaos.✨ Reset Naturally — Grab the Holiday Helper Plan 🎁https://buymeacoffee.com/tishwash/e/479454