Sunday, February 8, 2026
Iraq’s Shia bloc divided over tactics after US rejects al-Maliki for PM
Najaf, Iraq – Leaders of Iraq’s Coordination Framework – the Shia political coalition that came out on top in November’s parliamentary elections – are adamant that Nouri al-Maliki will be their candidate for the Iraqi premiership, even after threats from United States President Donald Trump.
Trump warned in late January that if al-Maliki, who previously served as Iraq’s prime minister between 2006 and 2014, returned to the role, then the US would cut off aid to Iraq.
“If we are not there to help, Iraq has ZERO chance of success, prosperity or freedom,” the US president wrote in a post on his Truth Social website.
Trump, and the US administration, view al-Maliki as part of Iran’s direct network of influence in Iraq, and fear that his return would undermine American efforts to weaken Iran’s power in its western neighbour, including limiting the reach of Iran-backed armed groups.
But, even with pressure ramping up, it appears that a majority of the Coordination Framework’s most influential actors are not willing to give up on al-Maliki, and are determined to find a way to push his candidacy forward.
Coordination Framework divided
The Coordination Framework (CF) is a coalition of Shia political parties established in 2021. It represents the biggest Shia bloc in the Iraqi parliament.
The loose nature of the coalition that makes up the CF means that opinions on al-Maliki’s candidacy are varied, with some opposing it, others willing to bend to Trump’s will and switch their backing, and still others who are adamant that they will push forward.
And it seems as though the majority are in the latter camp.
The CF issued a statement on Saturday reiterating its support for al-Maliki. “Choosing the prime minister is an exclusively Iraqi constitutional matter … free from foreign interference,” the statement added.
The statement reflects the position of various pro-Maliki forces in the CF, including former deputy parliament speaker Mohsen al-Mandalawi; the Badr Organization, led by Hadi al-Amir; and the Islamic Supreme Council, led by cleric Humam Hamoudi.
Current Prime Minister Mohammed Shia al-Sudani, whose party received the most votes in the elections but who did not receive the CF nomination despite his membership within it, is also officially supportive of al-Maliki’s nomination, even if he has not abandoned the possibility of continuing as prime minister himself.
Several of these factions did well in last year’s parliamentary elections, including al-Maliki’s own State of Law Coalition, as well as Badr and al-Sudani’s Reconstruction and Development Coalition.
But, with support from Kurdish and Sunni parties, the Shia al-Maliki sceptics have enough seats, and enough of a voice, to block the nomination if they desire to do so.
These include important Shia figures such as Qais al-Khazali, the leader of the Asaib Ahl al-Haq group; Ammar al-Hakim, the leader of the National State Forces alliance; and former Prime Minister Haider al-Abadi.
Al-Hakim, whose parliamentary bloc has 18 seats, warned that there would be “incoming economic repercussions” if al-Maliki was chosen, and added that “public interest must be prioritised over private interests”.
Meanwhile, the Victory Alliance, led by al-Abadi, issued a statement calling for “[the prioritisation of] the people’s vital interests given the exceptional circumstances Iraq and the region are experiencing”. Al-Abadi’s group has no seats in parliament, but retains an important voice within the CF.
Both statements contain a tacit acknowledgment of Iraq’s inability to withstand US pressure and the need for an alternative candidate suited to the current reality.
Other roadblocks
The CF, therefore, still has an uphill battle to confirm al-Maliki as prime minister. Outside of the Shia political groups, there is also opposition to al-Maliki, a divisive figure remembered negatively by many Iraqis, particularly Sunnis.
And there are also divisions within the non-Shia groups that are also slowing down the nomination process.
Under the Iraqi Constitution, parliament must first elect a president for Iraq, who then mandates the nominee of the largest parliamentary bloc to form the government. According to Iraq’s post-2003 “muhasasa” system of dividing political offices by sect and ethnicity, the prime minister must be a Shia, the president a Kurd, and the parliamentary speaker a Sunni.
To date, the main Kurdish factions – the Kurdistan Democratic Party (KDP) led by Masoud Barzani and the Patriotic Union of Kurdistan (PUK) led by Bafel Talabani – have failed to agree on a consensus candidate for the presidency.
The CF is attempting to broker an agreement between the Kurds. Recent efforts included a delegation led by al-Sudani meeting with both parties, and a personal visit by al-Maliki to Barzani. But these initiatives have not yet succeeded, and without a political agreement on the presidency, the process of designating a prime minister cannot proceed.
And even if the Kurds reach an agreement and don’t stand in the way of al-Maliki, the CF must persuade a long list of the former prime minister’s opponents.
Among them is Mohammed al-Halbousi, former speaker of parliament and leader of the Takadum Party, who issued a statement prior to the US veto implicitly rejecting al-Maliki’s candidacy.
Collectively, the anti-al-Maliki groups could gather roughly a third of the seats in parliament, enough to prevent a presidential election session due to a lack of quorum.
To avoid that scenario, the CF would have to either reset internal negotiations regarding the next prime minister, or nominate al-Sudani for a second term.
Al-Sudani’s party issued a statement on January 28 calling for “positive relationships with the United States” – a move interpreted as an indirect pitch for his renewal, leveraging his proven track record of managing relations with Washington during his tenure.
US leverage
The US may no longer be the occupying power in Iraq, but it still has enormous economic leverage over the country.
The revenue from Iraq’s main export – oil – is routed through the US Federal Reserve Bank in New York.
Trump may decide not to renew a presidential executive order, issued originally by President George W Bush in the wake of the Iraq War, that grants legal protection for the oil revenue funds and prevents them from being frozen by Iraq’s creditors. The order had been expected to be renewed as a formality upon its expiration in May.
If the US president decides against renewal, creditors will seek to claim their funds, and New York courts may issue rulings to freeze the Iraqi assets. This would disrupt the transfer of funds necessary to pay public salaries and sustain the economy for months or even years. In practical terms, the Iraqi economy would grind to a halt.
That therefore explains why the pro-al-Maliki bloc in the CF is attempting to persuade the US to change its position, rather than simply ignore Trump.
A high-ranking source in the CF’s State of Law coalition, who wished to remain anonymous in order to speak freely on the topic, told Al Jazeera there are “ongoing attempts to convince the US administration to lift the veto on al-Maliki”.
Aqeel al-Fatlawi, the State of Law spokesperson, also said he was hopeful that the US “will change its stance in the coming period”.
While blaming regional states, including Turkiye and Syria, for the US position towards him, al-Maliki himself has sought to soften his positions.
Syria has been one of the main points of difference between al-Maliki and the US, which has backed Syria’s President Ahmed al-Sharaa, even as the former Iraqi prime minister has denounced him for his past membership of al-Qaeda.
In a televised interview on Tuesday, al-Maliki used al-Sharaa’s full name, rather than the Syrian leader’s nom de guerre of “al-Jolani”, an attempt to emphasise that he was willing to move on from the past. Al-Maliki also attempted to soften his stance towards the Syrian government, directing his criticism towards the former regime of ousted President Bashar al-Assad and its role in supporting “terrorism” in Iraq.
Whether these attempts will go far enough to placate the US remains to be seen.
Reports indicate that US Special Envoy to Iraq Mark Savaya may have been removed from his position, although there is no official confirmation. His replacement would likely be Tom Barrack, currently the US ambassador to Turkiye and special envoy to Syria.
The CF favours Savaya, who has proven to be more supportive of using a more gradual approach in reducing the power of Iraq’s Shia militias, versus Barrack, who is viewed by the CF more negatively for his role in weakening Hezbollah in Lebanon and his support for Syria’s al-Sharaa.
An official announcement of a change could indicate where Trump’s thoughts are in the critical next few weeks – and whether the president will choose to not renew the US guarantee to protect Iraq’s oil revenue in May.
MARKZ: Iraqi Dinar and Vietnamese Dong Could Revalue Together: Major Signals from Iraq, Bonds, and the U.S. Treasury
Introduction: A Possible Convergence of the Dinar and the Dong
Exciting new information is circulating in the global currency revaluation community. According to MarkZ, recent developments suggest that the Iraqi Dinar (IQD) and the Vietnamese Dong (VND) may revalue at or near the same time, potentially with rates closer to each other than many expected.
While nothing is officially confirmed yet, the convergence of multiple indicators—Iraq’s internal financial moves, historic bond activity, and U.S. Treasury involvement—is drawing serious attention.
As always, MarkZ emphasizes staying grounded and realistic, even as signs point toward something significant approaching.
Key Insight from MarkZ: Dinar and Dong Moving Together
“I am hearing the Iraqi dinar and the Vietnamese Dong rates will be closer to each other…and they will go at the same time.” — MarkZ
MarkZ also notes that while the Iraqi dinar may receive public attention, the Vietnamese dong could move more quietly, yet simultaneously. This aligns with previous patterns where one currency captures headlines while another adjusts behind the scenes.
Why This Matters
A simultaneous move suggests coordination
Similar rate positioning could indicate pre-planned alignment
Quiet movements often mean less speculation and more execution
Iraq Update: Kurdistan Deposits 120 Billion Dinars
One of the most important developments coming out of Iraq is this:
“Kurdistan region deposits 120 billion dinars in non-oil revenues in Baghdad.”
This move is widely seen as a major step toward completing the HCL (Hydrocarbon Law), a long-awaited framework critical for:
Revenue sharing between Baghdad and Kurdistan
Budget stability
Economic normalization
Why HCL Completion Is Crucial
It strengthens Iraq’s financial sovereignty
It supports currency reform
It signals readiness for broader international integration
Historic Bonds: The Quiet Giant Awakening
MarkZ also shared cautious but powerful information regarding Historic Bonds.
“Some of the deals have been worked out through the UST (U.S. Treasury) as the purchasers.”
According to sources:
Deals are reportedly finalized
All documentation is completed (“I’s dotted and T’s crossed”)
Parties are now waiting on the final code release
Money movement is already being seen by people directly involved
⚠️ These movements are reportedly occurring at the paymaster level or higher, which historically has been a strong indicator of proximity to execution.
Why Bonds Matter for Currency Revaluation
MarkZ has consistently stated:
“When the bonds go, we should be next.”
Historic Bonds are often considered a leading indicator for:
Currency resets
Liquidity releases
Global financial transitions
Their activation could unlock the final steps needed for currency revaluations like the IQD and VND.
Featured Snippet: What Are the Biggest Signs of an Upcoming Revaluation?
Answer:
The strongest indicators include Iraq completing key financial laws (like the HCL), coordinated movement between currencies such as the Iraqi dinar and Vietnamese dong, confirmed U.S. Treasury involvement in bond settlements, and visible money movement at the paymaster level.
Q&A: Common Questions Right Now
Q: Will the Iraqi Dinar and Vietnamese Dong revalue at the same time?
A: According to MarkZ, credible sources suggest they may move simultaneously, with rates closer than expected.
Q: Is Iraq really ready for a currency change?
A: Iraq is showing strong signs of readiness, including revenue sharing, budget discipline, and progress toward HCL completion.
Q: What role does the U.S. Treasury play?
A: The UST is reportedly involved as a purchaser in historic bond deals, signaling high-level coordination.
Q: Should people expect an exact date?
A: No. MarkZ repeatedly advises staying grounded and patient, even when signs are very positive.
Stay Grounded, But Aware
MarkZ himself cautions the community not to get overly emotional:
“I don’t want to get people’s hopes up too much… but it really looks that good.”
This is not hype—it’s measured optimism backed by multiple converging signals.
Final Thoughts: All the Pieces Are Moving
We are witnessing:
Financial alignment in Iraq
Possible synchronized currency movement
Historic bonds nearing execution
High-level money movement
Individually, these are important. Together, they are hard to ignore.
Stay informed. Stay calm. Stay ready.
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MarkZ
I am...hearing The Iraqi dinar and the Vietnamese Dong rates will be closer to each other…I hope that is true. And they will go at the same time. We may hear about the dinar while the dong goes quietly as well at the same time.
In Iraq: “Kurdistan region deposits 120 billion dinars in non-oil revenues in Baghdad” They are trying to get HCL completed.
There have been some interesting things on Historic Bonds that I have been somewhat hesitant to share...Some of the deals that have been worked out through UST (US Treasury) as the purchasers…. I am told they have finished up with their I’s dotted and crossed their t’s and are waiting for the final code release...we are seeing money movement by people very involved in the process.
(At the paymaster level or higher) I don’t want to get people hopes up too much…so stay grounded. But it really looks that good. [MarkZ always says that when the bonds go we should be next.]
Saturday, February 7, 2026
The US Treasury freezes the assets of Halbousi and two of his party leaders
The US Treasury freezes the assets of Halbousi and two of his party leaders
An official source in Anbar province revealed on Wednesday that Jordan and the UAE have frozen the assets of the head of the Progress Party, Mohammed al-Halbousi, and two of his party leaders, due to their inclusion in the US sanctions.
The source told Al-Maalomah News Agency that “Jordan and the UAE have frozen the assets of the head of the Progress Alliance, Mohammed al-Halbousi, the current governor of Anbar, Omar Mishaan Dabbous, and Hebat al-Halbousi, the Speaker of Parliament, due to their inclusion in the US Federal Reserve’s decision.”
He added that "the targeted party leaders stole huge sums of money after assuming leadership positions in the central and local governments and transferred them to banks outside Iraq."
He indicated that “Mohammed al-Halbousi and Speaker of Parliament Hebat al-Halbousi failed to convince the acting US ambassador in Baghdad to mediate to lift the freeze on his funds outside Iraq and the rest of the party leaders.”
He explained that "Al-Halbousi owns, undeclared, banks and exchange offices used in currency smuggling operations from Iraq to neighboring countries," stressing that "Al-Halbousi's talks with officials at the US Embassy in Baghdad and the Kuwaiti ambassador failed to release frozen assets outside Iraq due to their inclusion in the US sanctions." link
Frank26: Why This Sunday Is Pivotal for Iraq — Monetary Reform, Momentum, and Rising Value
Introduction: “We Didn’t Come Here to Do Nothing”
According to Frank26, the timing we are entering is not accidental — and it’s certainly not idle.
“We didn’t come here for the last two months to twiddle our thumbs.”
That statement frames everything that has unfolded since the recent international presence arrived in Iraq. What has followed, Frank says, is a clear acceleration of progress, especially within the Central Bank of Iraq (CBI) and across the Government of Iraq (GOI).
Why This Sunday Matters
Frank26 describes this coming Sunday as pivotal — even epic — for Iraq’s success.
Why?
Because the groundwork laid over the last two months is now converging:
Strategic oversight
Monetary reform alignment
Political containment
International clarity
This is the kind of moment where many pieces come together at once.
Major Accomplishments in Just 2–3 Weeks
Frank points out that the last two to three weeks have revealed:
Significant monetary reform advancements
Clearer communication to Iraqi citizens
Stronger signaling to the international community
These developments are not theoretical — they are visible outcomes of active engagement inside Iraq.
CBI Focus: Monetary Reform Becomes Clearly Defined
One of Frank26’s strongest points is that monetary reform is no longer vague.
Since the arrival of international support:
The CBI’s direction has sharpened
Citizens are becoming more informed
Global observers now see structure instead of speculation
This clarity is essential before any meaningful currency evolution can occur.
Political Containment: Maliki Taken Off the Table
Frank26 also emphasizes the political side of stability.
A key priority has been ensuring that Nouri al-Maliki no longer has a viable path back to power. Removing uncertainty at the top:
Reduces internal friction
Improves international confidence
Protects monetary reform timelines
Stability is not optional — it’s foundational.
“This Sunday Is Epic”
Frank doesn’t guarantee outcomes — but he does express hope and conviction:
“It is my prayer… that Sunday we see many things come together.”
In his view, this Sunday represents:
A convergence point
A validation of the last two months of work
A moment where progress becomes undeniable
Key Question: Will Bank Activity Lower the Currency Value?
A listener asked an important question:
If people flood the banks after the event, will the value drop?
Frank26’s answer was unequivocal:
👉 No — the opposite.
Financial Friction: Why Use Adds Value
Frank explains this using a core economic principle:
Every time a currency is used, traded, bought, or sold
It creates financial friction
That friction increases credibility, demand, and velocity
This is supply and demand in action.
More use = more confidence
More confidence = more value
Why Activity Strengthens the IQD
According to Frank26:
Bank participation validates the currency
Widespread use signals trust
Demand pressure draws value upward, not down
A stagnant currency weakens.
An active currency strengthens.
Featured Snippet: Why Is Sunday Important for Iraq?
Frank26 believes this coming Sunday is pivotal because recent CBI actions, political stabilization, and international involvement are converging into a critical moment for Iraq’s monetary reform.
Featured Snippet: Does Heavy Bank Activity Hurt a Currency?
No. According to Frank26, increased buying, selling, and usage of a currency adds value through supply and demand, increasing credibility and strength.
Q&A: Key Points from Frank26
Q: Why does Frank say this Sunday is pivotal?
A: Because weeks of preparation and reform are now converging into a critical moment.
Q: What role does the CBI play?
A: The CBI is defining and executing monetary reform with increasing clarity.
Q: Why is Maliki mentioned?
A: Removing political uncertainty helps protect reform momentum.
Q: Will people rushing to banks weaken the IQD?
A: No. Increased usage strengthens the currency through demand.
Q: What is “financial friction”?
A: Economic activity that increases trust, circulation, and value.
Final Thoughts: Momentum Creates Value
Frank26’s message is about momentum.
Progress is visible.
Reform is defined.
Confidence is building.
And when a currency begins to move, its value doesn’t collapse — it rises.
If this Sunday delivers what many expect, it won’t be the end of the story — it will be the beginning of the next chapter.
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Frank26
This coming Sunday is very pivotal for your success of [Iraq]. IMO we didn't come there for the last two months to twiddle our thumbs and pick our noses. You see very well what has happened since we've arrived.
Some amazing accomplishments have been revealed in the last 2 to 3 weeks because of what we brought over and because of what we are doing at the CBI, let alone at the GOI by making sure Maliki doesn't even consider he has a chance to be prime minister.
The moment we arrived, the monetary reform started to become better defined...not only to the Iraqi citizens but to the rest of the international world...It is my prayer...for us that Sunday we see many things come together...This Sunday is Epic.
Question: "After the event and the people flood the banks, will that cause the value to drop?"
No, the opposite. That's financial friction. Anytime you move, buy, sell, trade with a currency, it only adds value to it. It adds credibility to it, more people use it. It's called supply and demand. That draws the value upward.
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