Thread: Archive News - Iraqi Dinar Think Tank - 28/03/10 - 21/06/10

Asiacell Plans to Change the Currency Used In All Its dealings and tariff prices from US Dollar to Iraqi Dinar

As part of its ongoing commitment to contributing to the development of the Iraqi economy, and within its aim to advance the financial situation in Iraq, Asiacell - the largest private Iraqi company and the first and only m.obile telecommunications company to provide coverage for all of Iraq - announced its plans to change the currency it uses in all its dealings and tariff prices from US dollar (USD) to Iraqi dinar (IQD).

Asiacell's decision to implement this currency switch is based on the Iraqi Government's request for telecom companies to use Iraqi dinars instead of US dollars in all their transactions and dealings. The company's plan also reflects Asiacell's efforts towards developing the Iraqi telecom sector and bolstering the nation's economy, which would positively impact both the nation and its citizens.

Within this context, Mr. Faruk Mustafa Rasool, Asiacell's Chairman, said: "Asiacell is a leading national company in the Iraqi telecom sector, and is an authentic Iraqi investment that adheres to national policies aimed at serving the nation and its people. As such, we proudly bear our responsibility towards driving the country's economic development, overcoming all economic obstacles, and contributing to restoring the domestic currency. Our decision confirms our ongoing dedication to enhancing the trust our customers have placed in us in order to remain as their number one choice for telecom services in Iraq and contribute to supporting the collective developmental efforts towards building the new Iraq."

http://www.zawya.com/story.cfm/sidZA...aqi%20Dinar%20