Average Incomes to Increase 15% in 2012

The Central Bank of Iraq expects the average annual income in 2012 will reach almost $6,000 (7 million IQD), up from $5,200 (6 million IQD) in the previous year, according to AKnews.

The deputy governor of the CBI, Mudhar Mohammed Saleh, said the estimate was made based on the governments planned investment in oil and economic projects in the coming year.

According to UN reports there are still seven million people living below the poverty line in Iraq despite the fact that the oil rich country is now exporting 2.5 million barrels of oil per day.

(Source: AKnews)

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