Why is so much of Iraq's financial system connected to the US dollar https://www.myfxbuddies.com/2026/07/the-fed-iraqi-dinar-iraq-2-why-is-iraqs.html and the Federal Reserve in New York? And what exactly is "Iraq 2"? In this episode, we take a deep dive into the complex financial relationship between Iraq, the US dollar, the Federal Reserve, international banking, and the global financial system. The discussion explores the history of Iraq's Development Fund for Iraq (DFI), the evolution of the so-called "Iraq 2" account, Iraq's oil revenues, foreign currency reserves, and the role of the US financial system in managing international transactions. We also examine Iraq's position within the global dollar system ...