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Post War Iraqi IncomesBy Alexander Nagniy For Iraq Money Company We are not encouraging people to go to Iraq and just play brave there but it would be wise to make sound judgments as for the situation and do what one can to help in building a free democratic society in Iraq. Many engineers went to Iraq and work there in reconstruction of Iraq’s suffered infrastructure and in helping to create more jobs for ordinary Iraqis. So what is there to do in Iraq for Iraqis? Is it possible to find a job there that will sustain one’s existence? Without a shadow of a doubt it is possible to find a job in Iraq but what is it amount to? Since the Iraq's economy is dominated by the oil sector that used to bring up to 95% of foreign exchange earnings many judges may say that there is no place to works but at the oil wells but it’s not true. Foreign ownership is not permitted in oil and mineral production but the infrastructure and the retail sector in particular allows foreign ownership that is bringing capital and expertise to Iraq’s economy and generating private sector growth. Post-war Iraq is actively seeking foreign investment, which is expected to create jobs and provide higher incomes desired by all Iraqis. The democracy in post-authoritarian Iraq is possible as in post-Nazi Germany in 1945 or Japan or South Korea. As the democracy matures the domestic institutions stabilize, infrastructure works, law is respected and limits corruption. Even today with so fragile but so hoped peace in Iraq the income of the ordinary Iraqi now is much stronger than before. According to the latest report of social research the incomes has risen tenfold since the fall of Saddam Hussein's government. The small salaries before during Saddam’ regime didn’t allow Iraqi people to buy cars but now the cars are being sold to all sectors of society. The created workplaces and therefore better salaries mark this time that more Iraqis are now looking for their own transport than before. Since the American-led occupation began the middle-class society - mostly government workers like doctors, teachers and administrators - are getting significantly better in income. The car-selling business in now experiencing a sort of a boom since the life begins to stabilize in Iraq. In Hussein’s Iraq there were only two heavy-taxed car-retailers in Baghdad. Now there is a dozen of shops around the city that sell used and new cars. Note this: without a buyer’s demand there will be no supply and sales will not grow. But now people are looking for washing machines, television sets and significantly, – satellite dishes and receivers that have been banned in Saddam’s times. Demand creates supply. The civil servant during Saddam Hussein’s rule was getting the average monthly salary of 7,500 dinars (about three U.S. dollars). Of course the salaries were so limited due to the UN sanctions provoked by regimes impertinent policy. There is no reason for the sanctions nowadays and they are gradually being taken off. As a result the sale of oil increases, money and other investments flow into country and the average salary of the ordinary Iraqi soared up to nearly 300,000 (about $200). Retired people experienced sixfold pension increase of the government pension and some individuals’ pension has jumped to $20 a month, from $2 a month. The development of the normal life takes time. Everybody understands that but to put it mildly a fly in the ointment in the form of the continuing insurgency ruins the hopes of ordinary peaceful Iraqis because better incomes Written by Alexander Nagniy For Iraq Money Company Iraq Money Company uses: 
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