Saturday, January 31, 2026

Saturday Shenanigans: Maliki Nomination and Devalue Iraqi Dinar?

 

The coordinating framework reaffirms its support for Maliki as a candidate for prime minister.

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The coordinating framework reaffirms its support for Maliki as a candidate for prime minister.

The Coordination Framework announced on Saturday, January 31, 2026, its adherence to its candidate, Nouri al-Maliki, for the premiership, while stressing its "keenness to build balanced relations with the international community, especially with the influential international powers."


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The media office of the Coordination Framework said in a statement, a copy of which was received by Al-Jabal, “The Coordination Framework held its 261st periodic meeting in Al-Maliki’s office today, Saturday, January 31, 2026, to discuss the latest developments.”

 

The Coordination Framework clarified, according to the statement, that “the selection of the Prime Minister is a purely Iraqi constitutional matter, carried out according to the mechanisms of the political process, taking into account the national interest, away from external dictates,” reiterating its “adherence to its candidate, Nouri Kamel al-Maliki, for the premiership.”

 

The Coordination Framework, according to the statement, affirmed its "keenness to build balanced relations with the international community, especially with the influential international powers, a relationship based on mutual respect and non-interference in internal affairs."

 

The Coordination Framework stated in its statement that "Iraq is a state of institutions capable of managing its political entitlements in accordance with the constitution and the will of its people's representatives."

 

The Coordination Framework concluded its statement by "emphasizing the importance of respecting and adhering to constitutional timelines according to the specified dates," calling on everyone to "exert maximum efforts to reach solutions that satisfy all parties."

 

 

 

Proposal to change the exchange rate of the dollar against the Iraqi dinar... This is the new rate

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Financial and economic expert Haider Al-Sheikh confirmed on Saturday that there is a proposal to change the exchange rate of the dollar against the Iraqi dinar, explaining the reason and the result.

 

Sheikh told Al-Jabal that "there is a proposal to change the exchange rate of the dollar against the Iraqi dinar in order to confront the economic crisis and maximize financial revenue, especially after the internal debt rose to more than 95 trillion dinars."

 

The Sheikh pointed out that "the current government cannot change that as it is a caretaker government, but the next government may work on that and change the official exchange rate to increase revenues for the state treasury."

 

According to the sheikh, who specializes in financial affairs, the proposal requires “changing the dollar exchange rate from 1300 dinars to 1400 dinars,” explaining that “this change will add more than one trillion dinars annually to the state treasury from oil revenues, given that Iraq relies primarily on oil revenues, which amount to 8 trillion dinars monthly.”


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Dollarization and the parallel market control the exchange rate in Iraq.

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Dollarization and the parallel market control the exchange rate in Iraq.

Economic expert Manar Al-Obaidi confirmed on Saturday that the dollar exchange rate in Iraq has become the only economic indicator that citizens trust, given the lack of confidence in other official indicators such as inflation, unemployment, and GDP, due to the absence of transparency and the lack of clarity in the calculation mechanisms.

Al-Obaidi explained in a Facebook post, which was reviewed by Shafaq News Agency, that the rise or fall of the dollar does not necessarily reflect the movement of basic prices, indicating that the change in the exchange rate is only one factor among the causes of inflation, and not the decisive factor.

According to Al-Obaidi, the exchange rate in the parallel market is governed by the supply and demand equation, and is affected by several factors, most notably the heavy reliance on imports, which exceed $70 billion annually, informal trade, the purchase of foreign services, in addition to the continued dollarization of some sectors such as real estate and cars.

He pointed out that the dollar crisis in Iraq is a "supply crisis" before it is a price crisis, due to the limited sources of foreign currency and their near confinement to the central bank, in contrast to the absence of investment, tourism and remittances from expatriates.

Al-Obeidi concluded by stressing that the solution to the exchange rate crisis is not to change the official price, but rather to restore the balance between supply and demand, through rationalizing imports, expanding trade financing channels, and encouraging investment and tourism, which will restore stability to the dinar without imposing additional burdens on the citizen.


Wilson, addressing Maliki: You are insulting Trump... Try your luck and see what happens




Saturday, January 31, 2026, Republican Congressman Joe Wilson addressed Nouri al-Maliki, the Coordination Framework's nominee for prime minister, and those he described


 as "Iran's agents in Iraq," saying: "You are insulting President Trump." 

This came after the Coordination Framework announced its continued support for al-Maliki as its nominee for prime minister, despite US President Donald Trump's rejection of the nomination. Read also: The Coordination Framework reaffirms its support for Maliki as a candidate for Prime Minister  Wilson said in a post followed by “Al-Jabal”, “To Iran’s agents in Iraq and to Nouri al-Maliki : You are insulting President Trump. Try it, test your luck, and see what happens.” He concluded by saying: "Liberating Iraq from Iran. Free Iran."



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I am trying to translate this video

https://www.youtube.com/watch?v=9j1mhkNKpQ4

title in English  A proposal to change the dollar exchange rate to 1400 dinars in the new government




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