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Podcast: My FX Buddies
Episode: Iraq Moves Beyond the Dollar: New Rules for Banks Explained
Description: Iraq is quietly accelerating its move away from dollar dependence. link to My FX Buddies BlogIn 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... a FREE transcript at: https://rss.com/podcasts/myfxbuddies....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)