Iraq’s currency stress is no longer a local issue — it’s unfolding alongside a powerful global signal. link to My FX Buddies Blog On Monday, the Iraqi dinar weakened sharply, reaching 151,500 dinars per $100, as tightening electronic transfer procedures and escalating political pressure from Washington collided in the local market. Exchange officials warned that the rate could slide further toward 153,000 per $100 as demand for dollars continues to outpace supply.

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According to Kaifi Mohammed, spokesperson for the Kurdistan Region’s currency exchange market, recent technical restrictions on the official transfer platform have created severe bottlenecks, preventing merchants from accessing dollars needed for international trade. This administrative strain is being amplified by a hardening U.S. stance toward Baghdad amid negotiations over the formation of Iraq’s next government. Washington has intensified its demands regarding the exclusion of armed factions from state decision-making, introducing heightened uncertainty into Iraq’s financial system. Market participants say this uncertainty has forced merchants — many already carrying heavy debts — to buy dollars at any available price, pushing the exchange rate higher. At the same time, a historic shift is taking place globally. Gold surged past $5,100 per ounce, setting an all-time record as investors rushed toward safe-haven assets. Analysts attribute the surge to escalating geopolitical risks, aggressive central-bank gold purchases, and expectations of continued U.S. Federal Reserve rate cuts — all classic signals of deepening global instability. Political analyst Abbas Jibouri warned that Iraq has reached a “dangerous crossroads,” noting that U.S. threats to restrict Iraq’s access to its oil revenues — held at the Federal Reserve Bank of New York — represent an extremely powerful economic pressure tool. With oil revenues accounting for more than 90% of state income, any disruption could trigger a severe salary shock and broader financial sanctions. Reports suggest Washington may now be prepared to move from targeting individual banks or entities to applying pressure at the state level, using what observers describe as “dollar starvation” as leverage. The message emerging from both markets is clear: currency stability, political stability, and security stability are now inseparable. 📌 Why gold’s surge matters for Iraq 📌 How U.S. pressure affects the dinar 📌 What “dollar starvation” really means 📌 Who ultimately pays the price 🎧 Listen in as we connect the global signals with Iraq’s economic reality. Thanks for Watching! Following Iraq’s Story — Don’t Give Up 💰🔥

A Return That Divides Iraq: Maliki Nominated for Prime Minister ⁠link to My FX Buddies Blog ⁠ Iraq’s political scene has entered a decisive and highly sensitive phase. The Coordination Framework has officially announced the nomination of Nouri Kamel al-Maliki for the position of Prime Minister, presenting him as the candidate of the largest parliamentary bloc following an expanded leadership meeting. In its statement, the Framework said the decision was made by majority vote, citing al-Maliki’s political and administrative experience and his previous role in running the state. Al-Maliki, in turn, affirmed his commitment to the constitutional process and called on Parliament to move forward with electing the President of the Republic within constitutional timelines.

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However, the nomination has immediately exposed deep political divisions. Sunni political leaders warned against what they described as a return to “painful lean days,” urging the need for national acceptance and cautioning against repeating past experiences associated with political, security, and economic crises. These warnings reference al-Maliki’s previous term, which ended in 2014 amid severe instability and the collapse of security in large parts of the country. While the State of Law Coalition insists the nomination enjoys national consensus and denies the existence of any political veto, opposition voices argue that broad social and political acceptance remains uncertain — a critical factor for any candidate seeking to form a government. With Iraq already facing economic pressure, security challenges, and delayed institutional milestones, the question now is whether this nomination will stabilize the political process — or deepen existing divisions. 📌 Is Iraq witnessing continuity — or political recycling? 📌 Can national consensus be achieved at this stage? 📌 What does this mean for Iraq’s stability moving forward? 🎧 Listen in as we break down the nomination, the reactions, and what comes next for Iraq. Thanks for Watching! Following Iraq’s Story — Stay Tuned 💰🔥

Iraq is quietly accelerating its move away from dollar dependence. ⁠link to My FX Buddies Blog⁠ In this episode, we break down new conditions set by the Central Bank of Iraq for Iraqi banks that want to trade in foreign currencies other than the US dollar, including the euro, Chinese yuan, and UAE dirham. If you'd like to Support the channel: ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠..⁠⁠. ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠..⁠⁠. ⁠ According to the Eco Iraq Observatory, banks must now meet strict capital, liquidity, and transparency requirements before they are allowed to operate in alternative currencies — part of a broader banking sector reform program. 📌 Topics covered: • Why Iraq is expanding beyond the dollar • The new capital requirement (300–400 billion dinars) • Liquidity standards (LCR & NSFR explained simply) • Ownership disclosure and transparency rules • How sanctions reshaped Iraq’s banking system • What this signals about Iraq’s long-term strategy 📺 This isn’t about speed — it’s about credibility and control. Thanks for Watching! Following Iraq’s Story — Don’t Give Up 💰🔥