Iraq's economy booming as oil revenues increase
Iraq's economy should grow nine per cent this year as oil production increases.
Reserves are expected at between $105 billion to $110 billion by the end of this year, reported Reuters, citing a central bank official.
"I expect the GDP will reach $150 billion by the end of 2013. It will be nine percent (growth)," Acting Central Bank Governor Abdul-Basit Turki told Reuters.
The Central Bank had previously said it expected growth in 2012 to be around 10 per cent and reserves in December last year were around $70 billion, reported the newswire.