Doesn't sound like everyone's getting rich

[DinarDreamer82]

Iraqis’ per capita income to shoot to $9000 in 2014

By Khayoun Saleh,

Azzaman, July 26, 2011

Per capita income in Iraq will surge to $9000 from the current $4000 in 2014, the Central Bank says.

The new per capita income forecast means that Iraqis’ living standards are expected to more than double in less than four years.

The promising economic prediction for the war-torn country is a rare good piece of news.

“The per capita income will more than double by the end of the investment plan in 2014” said Mudher Saleh, a Central Bank consultant.

Saleh put the country’s growth rate at a little more than 9 per cent and said his figure was based “on the aggregate growth forecast for 2014-2014.”

If Iraq achieves the growth rate predicted for the investment plan, the country will see an explosion in income, he said.

There will be enough income to finance infrastructure projects in various fields, he said.

Saleh said the country’s bloated civil service sector was currently among the most prosperous in the country.

He said while average per capita income was $4000, civil servants earned an average of $6000 a year.

Oil revenues, he said, would still make the lion’s share of the country’s income.

“The importance of oil royalties in financing investment projects is of vital importance,” he said. “Maximizing oil earnings is the philosophy the oil sector is pursuing to provide steady access to resources to finance the national development plant.”

http://www.azzaman.com/english/index.asp?fname=news\2011-07-26\kurd.htm

If the Iraqi income is expected to only double by 2014, why do we think we will make millions??

[acceb75]

Iraqis’ per capita income to shoot to $9000 in 2014

By Khayoun Saleh,

Azzaman, July 26, 2011

Per capita income in Iraq will surge to $9000 from the current $4000 in 2014, the Central Bank says.

The new per capita income forecast means that Iraqis’ living standards are expected to more than double in less than four years.

The promising economic prediction for the war-torn country is a rare good piece of news.

“The per capita income will more than double by the end of the investment plan in 2014” said Mudher Saleh, a Central Bank consultant.

Saleh put the country’s growth rate at a little more than 9 per cent and said his figure was based “on the aggregate growth forecast for 2014-2014.”

If Iraq achieves the growth rate predicted for the investment plan, the country will see an explosion in income, he said.

There will be enough income to finance infrastructure projects in various fields, he said.

Saleh said the country’s bloated civil service sector was currently among the most prosperous in the country.

He said while average per capita income was $4000, civil servants earned an average of $6000 a year.

Oil revenues, he said, would still make the lion’s share of the country’s income.

“The importance of oil royalties in financing investment projects is of vital importance,” he said. “Maximizing oil earnings is the philosophy the oil sector is pursuing to provide steady access to resources to finance the national development plant.”

http://www.azzaman.com/english/index.asp?fname=news\2011-07-26\kurd.htm

If the Iraqi income is expected to only double by 2014, why do we think we will make millions??

He says "more than double"

[Bank Guy]

WOW! $9000! I hope to make that some day!

[Nani?]

Iraqis’ per capita income to shoot to $9000 in 2014

By Khayoun Saleh,

Azzaman, July 26, 2011

Per capita income in Iraq will surge to $9000 from the current $4000 in 2014, the Central Bank says.

The new per capita income forecast means that Iraqis’ living standards are expected to more than double in less than four years.

The promising economic prediction for the war-torn country is a rare good piece of news.

“The per capita income will more than double by the end of the investment plan in 2014” said Mudher Saleh, a Central Bank consultant.

Saleh put the country’s growth rate at a little more than 9 per cent and said his figure was based “on the aggregate growth forecast for 2014-2014.”

If Iraq achieves the growth rate predicted for the investment plan, the country will see an explosion in income, he said.

There will be enough income to finance infrastructure projects in various fields, he said.

Saleh said the country’s bloated civil service sector was currently among the most prosperous in the country.

He said while average per capita income was $4000, civil servants earned an average of $6000 a year.

Oil revenues, he said, would still make the lion’s share of the country’s income.

“The importance of oil royalties in financing investment projects is of vital importance,” he said. “Maximizing oil earnings is the philosophy the oil sector is pursuing to provide steady access to resources to finance the national development plant.”

http://www.azzaman.com/english/index.asp?fname=news\2011-07-26\kurd.htm

If the Iraqi income is expected to only double by 2014, why do we think we will make millions??

Even at a 1:1 RV I wouldn't think the citizens themselves would see an increase in what they make annually... it just seems like making the value of their currency stronger and returning their country to international status will just enable them to rebuild and provider security and protection to help their economy prosper... their economy would be worse off if everyone suddenly became rich.

[DAME1]

WOW! $9000! I hope to make that some day!

Did you know that the poorest people in the US are richer or better off than 80% of the rest of the world.... Fact....