Value of the Dinar may change due to GSM business
MTC Atheer to increase investment in Iraq to $430 million by year-end to meet growing demand
The mobile telecoms market in Iraq will become one of the largest mobile markets in the Middle East by the end of the year, according to Ali Al Dahwi, General Manager of MTC Atheer.
United Arab Emirates: Monday, September 12 – 2005 at 16:57 GMT+4
The company, which currently operates the GSM network in southern Iraq and Baghdad, is rapidly expanding its infrastructure and increasing investment in the country to a total of $430 million, to meet this booming demand.
MTC Atheer launched services in southern Iraq in March 2004, and today has over 900,000 subscribers both in the South and Baghdad. As demand for mobile services in Iraq grows, MTC Atheer is increasing its investment in network infrastructure by 40% by the year-end, in order to be able to cater for an expected 1.5 million customers.
‘The potential for development of the mobile services market in Iraq is much greater than initial studies suggested, and the growth so far has been huge. By the end of the year Iraq will have attracted four million mobile subscribers users in under two years, a phenomenal rate of growth,’ said Al Dahwi. ‘Iraq has a great opportunity to surpass most of the developing Arab states, so long as security can be achieved and development continues at a good pace.’
Al Dahwi was speaking at the Middle East, Gulf and North Africa GSM Conference, being held in Dubai on 11-12th September. He discussed the challenges that MTC Atheer has had to overcome to build its network in Iraq, including the need for round-the-clock site security, a lack of suitable sites and site access, unreliable power supplies, and the need to import network equipment. Growth in Iraq has also been mostly demand-based rather than planned, due to a lack of market information and population data. The company has managed to exceed its planned targets for Iraq however, reaching 500% greater subscriber numbers and 450% more capital investment that its original commitments.
The rest of this article which may impact the Iraqi Dinar can be found here.
Posted in Iraq News
December 13th, 2005 at 10:29 pm
I bought 2 million dinars while in Afghanistan and working for Halliburton. I am putting a lot of faith in the new Iraqi Dinar and I really hope that somebody can reassure me that these new Dinars are going to hit. I seriously hope that this isn?t just some Dinar Scam.
April 2nd, 2009 at 9:20 am
Sir,Good evening I bought some of iraqi dinars while working for kbr in iraq.
So dinar will get hike value.Please reply me.
Thank you sir
Anand.
India.
April 15th, 2009 at 1:35 am
I’m sure that the new Dinar will hit ski high in the money market, because the fundamental of a country , they money value and the Treasury Department of Iraq will give it’s value For the global value for the Dinar. More than the Euro, more Than the Dollar, more than the Pound from Egypt. At a level That will increase the Economic status from that country that Have softer so much that I think that is they time to SHINE! Good Luck to the future IRAK.
May 10th, 2009 at 10:31 pm
I have some Dinars that I would like to sell. Can someone give me some info? I have found many conflicting prices. Can someone let me know what the true price is?
July 20th, 2009 at 11:30 pm
life is about dreams and visions. god says that a man without a vision will perish. The dinar are going to hit and it may or may not be what our greed wants it to be but i have done plenty of homework on this and when the dinar hit and you did not take the risk. anyways, good fortunes to all you with that old American risk taking attitude that made this country. keep the faith….
August 25th, 2009 at 8:33 pm
Is there any idea when the Iraq dinar may go on the market for exchange??
September 22nd, 2009 at 8:21 am
sir , if iraqi govt will change their currency and print new one what is the use of present currency
October 9th, 2009 at 8:01 am
Hello.. I think the dinar is going to be a very profitable risk!! Where else can you take such a small risk..and the mere chance of becoming possibly wealthy.?!?!
I think in the near future the Iraq government is going to value the dollar, because they need the capital to rebuild. Think for a moment how the us economy would benefit from this…a lot of instant millionaires stimulating the economy.
That’s what the world needs.. It’s not only the US going to have rich people, but all over the world. This is going to be a world wide economic boost!!!!!!!!
October 25th, 2009 at 12:51 pm
I wouldn’t go as far as saying everyone’s going to be rich! you forget to realize you or well at least I do live in the U.S. and our Dollar has lost value and we are so indebted to foreign country’s that your money might make you financially stable for the remainder of your life.
We have inflation so bad the cost of living makes having 100 grand nothing more than an expensive car to buy. 1 million would most likely be the same and pay off our foreclosed homes and keep food on the table until we end up in a 4 grand a month nursing home.
Don’t want to rain on your parade, I am for taking the extra lottery ticket but it’s not the ticket to Filthy Bill Gates kinda rich, unless you bought 200 million Dinars then maybe close. Keep the positive hopes up that’s all we can do but lets keep it into perspective.
November 19th, 2009 at 1:51 pm
when will the dinars hit?
December 5th, 2009 at 6:31 pm
where can i sell my dinars now and how much are they worh today dec 5,2009
December 21st, 2009 at 2:51 pm
Again I ask , is there anyplace in U S to cash in the dinars when they reval ? . What % does the U S government ? . Waiting to hear.
Thanks for listen.
December 30th, 2009 at 12:50 pm
too many promised dates… Will these happen before the end of the year? 2 more days..
January 2nd, 2010 at 5:42 am
i bought 250,000.00 for $210.00 and the dinar was worth 3100 to 1 well in five years it is now sitting at 1170 so that is not bad in 5 yrs and we were at war for 4 of them now you hardly hear any thing about Iraq except that they are rebuilding there country and getting there oil wells going that is good i hope that when i retire in about 7 years i will be sitting on at least 1/2 million
February 22nd, 2010 at 3:43 pm
I just read in ASK that Iraq is going to drop three zeros off their money. Ex: 100,000 Dinar with be 1000? What happens to the Dinar they spent so much on to print a few years ago and what happens to the Dinar I have now.