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Import of 60 armored vehicles for the transfer of funds between Iraqi banks- Wednesday, June 20, 2012

Import of 60 armored vehicles for the transfer of funds between Iraqi banks

Translation:  Finance 60 US-made armored truck, to transfer money between Iraqi banks. The sources said the reporter Agency (dinars), "The Ministry of Finance has imported 60 trucks armored American made, dedicated to the transfer of funds between banks in Baghdad and the provinces, adding that the new trucks armored and can not be breached even improvised explosive device., The sources added, quoting a Force Personnel Protection and the Ministry of Finance he new trucks were imported due to the worn out old trucks. Iraq has witnessed many incidents of theft of money banking during the transfer process during the deterioration of security after the 2003 World especially in Alosth region and west of it. 

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Iraq reduces below poverty line to 16% from 23%- Sunday, June 17, 2012

Iraq reduces below poverty line to 16% from 23%

The number of Iraqis under poverty line has been reduced to 16% of the country’s population of more than 30 million people from 23%, said Labor and Social Affairs minister.

The minister Nassar al-Rubaai said one main reason for the drop in poverty has been the country’s social security network and the interest free loans the ministry extends to low-income families to start small businesses.

“The government has begun implementing national and strategic policies to alleviate poverty in accordance with the national vision that calls for the building of a democratic, just and balanced society,” the minister said.

He said this year the government has allocated $84 million to support small projects by low income families across the country with the social security system currently covering almost all Iraqis with no regular income.

“These allocations and policies have contributed to reducing the rate of those under poverty line from 23% to 16%,” he said.

The plunge in poverty line has positively impacted employment which is still estimated at 16% in Iraq, the minister added.

Iraq has seen a surge in its hard cash earnings due to marked increases in its oil export and firm oil prices in international markets.

But the country still remains almost solely reliant on oil royalties for its hard cash most of which goes to covering civil servant salaries, defense and imports.

The country’s exports other than oil are almost negligible.

Source: http://bit.ly/W0imMt