Iraq’s financial crisis is no longer a prediction — it’s a reality.

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This episode dives deep into the numbers and the human impact behind Iraq’s near-empty treasury. With 99.2% of oil revenues going to salaries, there is virtually no room left for investment, development, or economic growth.

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We’ll explore: Why Iraq’s 3-year budget has no real cover beyond oil prices How retirees and government workers are feeling the crisis firsthand Why this is more than a short-term cashflow issue — it’s a structural crisis What experts are saying must happen to prevent a total collapse

📊 This is a wake-up call for policymakers, investors, and citizens who rely on Iraq’s fragile rentier economy. 🎧 Listen now as we unpack the data, connect the dots, and discuss whether Iraq can break free from its oil dependency before the next global shock. #iqd⁠ ⁠#Iraq⁠ ⁠#IraqiDinar⁠News #IraqiDinar #IraqEconomy #IraqNews #OilPrices #Bankruptcy #IraqBudget #IraqiDinar #EconomicCrisis #MiddleEastFinance #IraqOil #MyFXBuddies

Iraq is entering a new era of banking — one that goes

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beyond branches and paperwork and embraces a fully digital future.

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⁠⁠⁠⁠ With the launch of e-wallets and preparations for digital banks, the Central Bank of Iraq is laying the foundation for financial inclusion like never before. These changes mean: Faster, safer, and more secure transactions through advanced encryption and biometrics. Access to financial services for millions of Iraqis who were previously “unbanked.” Lower costs, fewer fees, and better savings opportunities for individuals and small businesses.

A chance for shopkeepers, home-based workers, and young entrepreneurs to join the formal financial system. This isn’t just a shift in technology — it’s a revolution in empowerment. Digital banks are designed to bring every Iraqi closer to the heart of the economy, ensuring equal opportunities in saving, investing, and growing wealth.

👉 Tune in as we explore how Iraq’s digital transformation is reshaping the banking system, boosting financial literacy, and opening the door to sustainable development. #iqd⁠ ⁠#Iraq⁠ ⁠#IraqiDinar⁠News #IraqiDinar ⁠#DigitalEconomy⁠ ⁠#CashlessFuture⁠ ⁠#CentralBank⁠

In this video, I cover much more than just Iraq’s July salaries.

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Here’s what you’ll hear: Prime Minister Sudani’s standout appearance at NATO — his speech, the grand reception, and the key points from his meetings.

The latest on Iraq’s oil agreement and what tomorrow’s Council of Ministers meeting could mean for July (and possibly August) payments. Updates on Venezuela and the Maduro situation.

The Kurdistan Regional Government (KRG) will send the August salary list to Baghdad on Monday, the PUK media reported. Yadgar Jabar, the supervisor of biometrics in Sulaimani, said that the list of salaries for July has been approved, whenever Baghdad decides on the funding will be sent. “There are 1,189 accounting units in the Kurdistan Region, the salaries of all of them have been prepared by the payroll system and sent to the Ministry of Finance,” said Hiwa Effendi, head of the Information Technology Office.

“The salary list has been approved by the Ministry of Finance,” he said Developments in digital finance: electronic signatures, SWIFT’s affirmation to work with XRP, and the U.S. government moving economic documents onto the blockchain.

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It’s a wide-ranging update on politics, oil, and the future of digital economies — all in one place. 👉 Don’t miss it! Be sure to like, subscribe, and share so you never miss an update.

Iraq faces a mounting financial bottleneck as pensioner ⁠

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salaries are delayed and fears grow that all government employees could soon be impacted. Despite official denials, liquidity issues in state coffers are becoming more visible.

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Economist Nabil Al-Marsoumi has proposed a direct solution: resume stalled oil exports through the Kurdistan Region and Turkey’s Ceyhan pipeline. With Iraq already at near-maximum export capacity of 3.5 million barrels per day, adding half a million barrels from the north could bring in the much-needed revenue to ease the crisis. But negotiations between Baghdad, Erbil, and Ankara remain complicated. After more than two years of halted exports—and over $20 billion in losses—will Iraq finally act to overcome its financial bottlenecks?

👉 In this episode, we break down the numbers, the stakes, and the possible outcomes for Iraq’s economy.

Exciting figures are out — and Iraq is climbing the global crypto ranks. ⁠

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According to the Global Cryptocurrency Adoption Index (6th edition), Iraq is now ranked 44th out of 151 countries, putting it firmly in the top third worldwide for grassroots crypto use.

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📊 Key highlights: Iraq scores 0.05 on the adoption index. Outpaces regional giants like Saudi Arabia, Oman, Kuwait, UAE, Qatar, and Bahrain. Still behind Turkey, Yemen, and Jordan in adoption rates. Overall, the Asia-Pacific region saw explosive growth: crypto transaction volumes jumped from $1.4 trillion to $2.36 trillion in just one year (+69%).

👉 This ranking shows that Iraqis are embracing digital assets faster than many of their neighbors, a trend with huge implications for the economy, financial freedom, and technology adoption. 📌 Don’t forget to like 👍, subscribe 🔔, and share this episode to stay ahead on Iraq’s financial transformation!

Iraq’s economy faces a critical test. For decades, oil revenues ⁠https://www.myfxbuddies.com/2025/09/l... link to My FX Buddies blog⁠ have carried the country, but experts warn that this rentier system is unsustainable — especially when liquidity dries up and imports outweigh exports. Parliament members and economic experts argue Iraq must urgently: Diversify revenue streams beyond oil Strengthen tax, customs, and insurance sectors Invest in human capital and local labor Support and regulate the private sector Reduce excessive imports and encourage domestic production At the same time, the Central Bank highlights that Iraq remains financially stable thanks to strong currency reserves and coordinated monetary policy.

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👉 In this episode, we unpack: Why Iraq’s rentier economy is at risk The real dangers of liquidity shortages and imports How diversification could transform Iraq’s financial future Why financial stability is holding for now — but cannot be taken for granted 📌 Don’t forget to like 👍, subscribe 🔔, and share this episode for more updates on Iraq’s economy and the dinar.

The Central Bank of Iraq announces the launch of reciprocal money transfer

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services via e-wallets, enabling individuals and business owners to conduct their financial transactions with greater speed and flexibility. This means using your digital wallet to pay a business directly.

U.S. Examples: Apple Pay / Google Pay: You tap your phone at Starbucks and it takes money from your wallet to Starbucks’ merchant account.

PayPal Checkout: Buying something online and selecting PayPal as the payment option.

Cash App Pay: Paying a store directly using a QR code.

In Iraq’s case: It allows you to use your e-wallet to pay a shop or business, even if the shop uses a different provider than you.

These services include: Exchange money transfers between validated, permanent wallets of various service providers. Reciprocal money transfers from permanent verified wallets to merchant wallets of various providers during purchases.

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The launch of this step represents a qualitative shift in the path to enhancing financial inclusion, supporting digital transformation efforts, facilitating the movement of funds, supporting the business sector, and expanding the use of financial technologies in Iraq.

The United States has issued a serious warning to Iraq:

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Stop the smuggling of dollars to Iran, or face the possibility of being cut off from the U.S. dollar system. According to exclusive reports, the U.S. Federal Reserve is considering economic sanctions that would choke Iraq’s access to hard currency — a move that could trigger a severe crisis in Baghdad’s financial system.

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In this video, we’ll cover: Why Washington is threatening to halt dollar flows to Iraq The ongoing issue of currency smuggling to Iran What meetings between Iraqi and U.S. officials have revealed How sanctions could devastate Iraq’s economy and weaken the dinar Whether the Iraqi government will act before it’s too late 👉 Stay tuned as we unpack this potential turning point for Iraq’s economy.

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This marks a historic moment for Iraq’s economic future, signaling stronger international credibility, enhanced trade opportunities, and progress toward sustainable development.

📌 Don’t forget to like 👍, subscribe 🔔, and share this episode to spread awareness.