Sunday, April 19, 2026
Maliki and Sudani resort to the 8/12 formula to resolve the prime ministerial candidate crisis
Maliki and Sudani resort to the 8/12 formula to resolve the prime ministerial candidate crisis
Maliki and Sudani resort to the 8/12 formula to resolve the prime ministerial candidate crisis.
A source within the Coordination Framework revealed the nature of the initial understandings reached regarding the selection of the next prime minister, explaining that the candidate who secures two-thirds of the votes from the Framework's leaders will win the position. This requires time to finalize this preliminary agreement.
This comes against the backdrop of understandings reached among the Framework's leaders regarding the premiership, which led to the postponement of a crucial meeting until next Saturday.
A source close to the Framework stated that "the Framework's leaders agreed to postpone the meeting, which was supposed to be held Wednesday evening, until Saturday, after reaching important understandings." The source added that "the new understandings require more time to decide on the prime ministership."
Regarding the nature of these understandings, the source revealed that "the initial understandings between the Framework's most prominent candidates, Nouri al-Maliki, leader of the State of Law Coalition, and caretaker Prime Minister Mohammed Shia al-Sudani, which prompted the postponement of the meeting, stipulate that whoever obtains the support of 8 out of 12 leaders from the Shia political bloc will proceed unanimously once the remaining two-thirds are automatically joined, thus securing the premiership." link
🚨 IMPORTANT POST-EXCHANGE STEP: Diversification (Indispensable Principle)
🚨 IMPORTANT POST-EXCHANGE STEP: Diversification (Indispensable Principle)
- 💱 After Any Currency Exchange or Liquidity Event
- Once funds are converted and available in the banking system, a critical next step is diversification
- 🧠 Why This Step Is Essential
- Large liquidity events can create high financial risk if funds remain concentrated
- Relying on a single asset, account, or plan increases exposure to:
- Market shifts
- Policy changes
- Inflation or currency fluctuations
- Banking system adjustments
- ⚖️ What to Do Immediately After Receiving Funds
- Distribute funds across multiple financial categories, such as:
- Secure savings / cash reserves
- Low-risk financial instruments
- Long-term growth investments
- Stable, income-generating assets
- Distribute funds across multiple financial categories, such as:
-
📊 Core Principle
- “Preserving wealth matters more than receiving it.”
- 🧭 Key Insight
- Diversification is not optional after a major liquidity change—it is a foundational step for protecting financial stability and preventing overexposure to risk.
Sheikh Hamoudi: Iraq is on the verge of forming a new, strong government with a balanced vision
Sheikh Hamoudi: Iraq is on the verge of forming a new, strong government with a balanced vision
The head of the Supreme Islamic Council, Sheikh Humam Hamoudi, confirmed on Thursday that Iraq is on the verge of forming a new, strong government with a balanced vision.
A statement issued by the Supreme Islamic Council, received by the Iraqi News Agency (INA), stated that "the President of the Supreme Islamic Council, Sheikh Humam Hamoudi, received the Japanese Ambassador to Baghdad, Akira Endo, and they discussed developments in the region, their global impact, the danger of the Zionist presence, the trends of the political process in Iraq, and opportunities to enhance cooperation between the two countries."
The statement added that, during the meeting, Sheikh Hamoudi stressed that “(Israel) is a rogue, extremist entity that does not believe in dialogue at all,” calling on the countries of the region to bear responsibility for their security with an integrated economic security vision,” noting “the need for Japan to take its role in building understandings in the Middle East, given its influence and being influenced by events.”
Sheikh Hamoudi stressed "Iraq's keenness not to be a party to the region's conflicts but rather to its stability, especially as it is about to form a new, strong government with a balanced vision and open to everyone," calling on "Japan to seize investment opportunities and expand its presence in Iraq."ink
HERNAN BRAVO: 🇮🇶 Iraq Political Update: New President Elected, 15-Day Deadline to Nominate Prime Minister (English & Spanish)
🇮🇶 Iraq Political Update: New President Elected, 15-Day Deadline to Nominate Prime Minister
Hernán Bravo Says:
There is a new president in Iraq 🇮🇶.
However, there is now a 15-day window to nominate a Prime Minister 😬. Let us hope the CBI does not become concerned… 🙏🏻🙏🏻🙏🏻
According to the Iraqi Constitution, the newly elected president (chosen by Parliament) must, within 15 days, appoint the nominee of the largest parliamentary bloc to attempt to form a government. That nominee then has 30 days to present a cabinet for a vote of confidence.
Therefore, the election of the president officially triggers the step of naming the Prime Minister-designate and begins the timeline for forming the new government.
Regards,
Hernán
SPANISH
HERNAN BRAVO
Hernán : Dice
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