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

About Asiacell

Asiacell, the first m.obile telecommunications company in Iraq, was established in the city of Sulaimaniya in 1999 by the well-known entrepreneur Mr. Faruk Mustafa Rasool. It is today the only national Iraqi telecom network to provide coverage for all of the country's provinces in the north and the south and is the largest private Iraqi company, serving over 7.5 million subscribers and connecting the Iraqi nation together.

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

Speaker, Issawi discuss coalition building

Iraq’s outgoing Parliament Speaker Iyad al-Samarraie has met with the deputy prime minister, Rafie al-Issawi, to discuss possible coalitions and the crisis resulting from recent statements by election winners.

The officials have discussed the recent developments on the political scene and coalition maps, according to a statement released by Samarraie’s Iraqi Accord Front (IAF) and received by Aswat al-Iraq news agency.

The meeting has also tackled means of getting out of the “current crisis”, which resulted from statements by winning political blocs, according to the statement.

On Friday (March 26), the head of al-Iraqiya List, which won Iraq’s parliamentary elections with 91 seats, told al-Sharqiya TV that his list had assigned its candidate, Deputy Premier Rafie al-Issawi, to hold talks with the winning blocs in order to form a new government.

http://en.aswataliraq.info/?p=129282

IAF expresses reservations about election results

The Sunni Iraqi Accord Front (IAF) has expressed its reservations about the outcome of the parliamentary elections, which has resulted in the victory of Iyad Allawi’s al-Iraqiya List.

“From the beginning, the IAF has pointed out that the electoral process was not conducted with a high level of transparency. Serious violations have marred it. Therefore, the front is challenging the results and expresses its reservations about the related results that have been announced,” the front said in a statement published on its web site.

Iraq’s Independent High Electoral Commission (IHEC) had announced the parliamentary election results on Friday (March 26) in which former prime minister Iyad Allawi’s al-Iraqiya bloc obtained 91 out of the parliament’s 325 seats, followed by incumbent Prime Minister Nouri al-Maliki’s Dawlat al-Qanoon (State of Law) with 89 seats, the Iraqi National Alliance (INA) with 70 seats and the Kurdistan Alliance with 43 seats.

http://en.aswataliraq.info/?p=129291

Issawi, UN envoy discuss efforts to form new govt

The outgoing deputy prime minister, Rafie al-Issawi, has met with the special representative of the United Nations secretary general for Iraq (SRSG), Ad Melkert, to discuss efforts to form the upcoming government.

The two officials have discussed a number of issues in light of the outcome of the parliamentary elections, according to a statement released by Issawi’s office and received by Aswat al-Iraq news agency.

The meeting has also tackled al-Iraqiya List’s talks with the winning blocs to form a new government.

http://en.aswataliraq.info/?p=129292

Names of winners to be published Mon - IHEC

The names of the winners in Iraq’s parliamentary elections will be published tomorrow in the country’s official newspapers, the head of the Independent High Electoral Commission (IHEC) said on Sunday.

“The participating blocs, which object to the results of the elections, have started to submit their objections…,” Faraj al-Haydari told Aswat al-Iraq news agency.


http://en.aswataliraq.info/?p=129304

been mighty quiet now for almost a week.....i wonder if this is good news...or bad news....lol...time will tell...GO DINARS...Pat

Currency talk has been quiet but not the bombs! Can Iraq take care of business?

thats the million dollar question livefree...the longer it takes them to form this new government the further back they will be...the insurgents,al-queda or militant uprisings are starting to be more frequent...and with more deadly accuracy....I still believe if Al-Maliki would have played his cards right and at least tried to help their people while he was prime minister he would have won re-election....but he chose to play politics instead like most of congress does here in the good ole U.S....and it cost him...IMHO...Pat

Pat, I agree. It looks like bloodshed will continue, the "new" government may take months to be seated, Al Sadr's bunch look to really muddy things up. Maybe it will RV next year..LOL Remember this is Iraq.. I hope everyone had a Blessed and Safe Easter. Thanks to all for keeping the light on for us. 67