TNT
Tishwash:
Maliki and Sudani agree to pass Ali al-Zaidi as a compromise candidate
Political sources revealed on Monday that Nouri al-Maliki, head of the State of Law Coalition, and Prime Minister Mohammed Shia al-Sudani, agreed to nominate Ali al-Zidi as a compromise candidate for the premiership.
The sources said that “Al-Zaydi enjoys extensive relations with all the leaders of the coordination framework, in addition to his relationship with the private office of the leader of the Sadrist movement, Muqtada al-Sadr.”
She added that “Al-Zaydi may face difficulties in forming the government and getting it passed in parliament after he is appointed.”
She indicated that “Al-Zidi’s nomination came after the head of the Popular Mobilization Forces, Faleh Al-Fayyad, hosted two meetings during the past 24 hours with Prime Minister Mohammed Shia Al-Sudani and the head of the State of Law Coalition, Nouri Al-Maliki, for the purpose of deciding on the position,” explaining that “the first meeting was held yesterday, and the second was held this afternoon, during which a final agreement was reached on naming the candidate for the position of Prime Minister.” (LINK)
The coordinating framework officially nominates Ali al-Zaidi for the position of Prime Minister
The Coordination Framework announced Monday evening its selection of Ali al-Zaidi as the next prime minister.
A statement from the Framework read, “The Coordination Framework held its important meeting today, Monday, at the Government Palace in Baghdad, a symbolic representation of the continuity of state institutions and the seat of the executive authority emanating from the will of the Iraqi people.”
At the outset of the meeting, the Framework’s leaders, according to the statement, commended “the national and responsible performance of the government of Prime Minister Mohammed Shia al-Sudani during its three and a half years in confronting economic, regional, and international challenges, and the achievements of the government program, particularly in the area of development and restoring the Iraqi citizen’s confidence in their political and e-------l system, which was clearly demonstrated by the broad participation in the recent parliamentary e-------s.”
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The Coordination Framework also commended “the responsible and historic stances of Nouri al-Maliki, head of the State of Law Coalition, and Mohammed Shia al-Sudani, head of the Reconstruction and Development Coalition, in withdrawing their candidacies for the premiership and the formation of the next government. This step underscores their commitment to the supreme national interests, facilitates overcoming the political deadlock, and allows the Coordination Framework to select a candidate who meets the required qualifications for the position of Prime Minister and is suited to the demands and challenges of this stage.”
The statement continued, “After reviewing the candidates’ names, Mr. Ali al-Zidi was chosen as the Coordination Framework’s candidate, being the largest bloc in the Council of Representatives, to assume the position of Prime Minister and form the next government.” (LINK)
Al-Zaydi: We will form a government that responds to the citizens’ demands for establishing security and stability
Prime Minister-designate Ali al-Zidi affirmed on Monday (April 27, 2026) his intention to work with all political forces to form a new government that responds to the demands of citizens and contributes to consolidating security and stability and achieving comprehensive development in the country.
Al-Zaydi said in his first statement after being appointed, as reported by Baghdad Today, that “we are determined to work with various political forces to form a government capable of meeting the aspirations of Iraqis,” stressing the importance of national cooperation to overcome current challenges.
Al-Zaydi’s statement comes after he was officially tasked by the President of the Republic with forming the new government, following his nomination by the largest parliamentary bloc within the House of Representatives. (LINK)
Rumors are putting pressure on the currency market and disrupting prices
The exchange rate of the dollar against the Iraqi dinar continues to rise, despite recent developments in the Middle East region. Economic experts attribute this to a set of overlapping internal and external factors, most notably increased demand and speculation in the market, in addition to regional tensions and regulatory measures.
Economic expert Walid Al-Agili said that the rise in the dollar is mainly due to increased demand for it, explaining that “speculation and rumors in the market play a major role in raising the price, as some traders and money changers stockpile dollars with the aim of selling them later at a higher price.”
He added that the spread of unconfirmed news about regional situations, such as talk of continued tensions or the closure of some trade routes, is driving individuals and traders to buy dollars as a hedge, exacerbating pressure on the market. Al-Agili pointed out that restrictions on foreign transfers and tightened financial procedures have also contributed to reducing the official supply of dollars, pushing some of the demand into the parallel market and thus driving up prices.
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For his part, Professor of International Economics Nawar Al-Saadi explained that the political fluctuations in Iraq and the region are directly reflected in the exchange market, indicating that “the recent regional tensions have brought back a state of uncertainty to the markets, which has led to an increase in demand for the dollar globally and locally as a safe haven currency.”
He added that the heavy reliance on oil as a primary source of foreign currency makes the Iraqi economy more sensitive to any disruptions or concerns regarding its flows.
In conclusion, experts believe that the continued rise of the dollar is not linked to a single factor, but rather is the result of an interaction between local speculation, increasing demand, regional conditions, in addition to financial policies and regulatory procedures within the country. (LINK)
Government options to address the 2026 budget delay: borrowing or an emergency law similar to the food security law
The Parliamentary Finance Committee revealed several options available to the government to address the delay in approving the 2026 budget, primarily resorting to borrowing laws or enacting an emergency law similar to the Food Security Law.
Committee member Jamal Kojar told the official newspaper, “There are several alternatives if the budget is delayed, including resorting to borrowing as happened in 2021, or enacting a law similar to the Food Security Law. However, this depends on the government’s needs and the level of coordination between it and the Parliament.”
He explained that “the current government is operating in a caretaker capacity and does not have the authority to submit major financial bills independently, which necessitates direct coordination with Parliament if borrowing or enacting exceptional laws is required.”
Kojar indicated that “the government can continue spending according to the (1/12) rule of the operational budget, which ensures the continued payment of employee salaries without the need for new legislation, except in some special cases such as including new contracts after 2025.”
He pointed out that “the option of borrowing is also linked to the speed with which the new government is formed. If this matter is resolved within the constitutional timeframe, the House of Representatives should exert pressure on the government to submit the draft budget law as quickly as possible, given its importance in regulating the state’s financial management, including appointments, transfers, and the allocation of spending.”
He emphasized that “the House of Representatives cannot legislate laws of a financial nature without coordination with the government, and the previous food security law was enacted at the request and with the approval of the executive branch.” He noted that “Parliament is capable of supporting the government by passing emergency laws when necessary, whether through a borrowing law or a law similar to the food security law, but there has been no official request in this regard so far.”
Kujer stressed that “there is no intention to adopt a three-year budget again, and the country will return to the usual annual budget system,” affirming that “any future steps will remain contingent on the government’s request and its actual needs.” (LINK)
Source: Dinar Recaps
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