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Podcast: My FX Buddies
Episode: From dollar to dinar... Exchange rate policy confuses
Description: Iraq’s Central Bank has sparked major controversy after link to My FX Buddies Blog ordering oil contractors to receive payments in Iraqi dinars instead of US dollars.Economic experts warn this policy could cause massive financial losses for Iraqi oil subcontractors, threaten over 50,000 jobs, and disrupt operations across the oil sector.In this video, we break down: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...Why oil companies rely on dollarsThe gap between official and parallel exchange ratesHow forced currency conversion could collapse local companiesThe legal and economic risks of violating dollar-based contractsWhat this means for Iraq’s investment...