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$12 billion in U.S. currency was transported from the Federal Reserve to Baghdad in April 2003 and June 2004, where it was dispensed by the Coalition Provisional Authority. A Vanity Fair magazine report concluded that of this sum, "at least $9 billion has gone missing". [4] Dispatches: Iraq's Missing Billions, produced by Guardian Films (March ...
The Iraqi dinar [a] (code: IQD) [2] is the currency of Iraq. The Iraqi dinar is issued by the Central Bank of Iraq (CBI). On 7 February 2023, the exchange rate with the US Dollar was US$1 = 1300 dinars.
The Islamic State of Iraq (ISI) establishing itself in 2013 as the Islamic State of Iraq and Syria (or the Levant), and then simply as the Islamic State in June 2014. [5] By 2015, it controlled a large amount of territory in both countries, declaring itself as a caliphate and planning to absorb other territories of the Muslim world.
WASHINGTON/BAGHDAD (Reuters) -The United States has barred 14 Iraqi banks from conducting dollar transactions, the Wall Street Journal reported on Wednesday, citing U.S. officials. The ban, which ...
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After the Gulf War, the Iraqi government disendorsed the old currency, favoring newly printed Saddam dinars, and the Swiss dinar ceased to be legal tender. However, the old currency still circulated in the politically isolated Kurdistan region of Iraq. The government of the Kurdistan region did not have the printing plates of the Swiss dinar ...
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had ...
But during the Iraq and Afghanistan wars, it proved especially hard to maintain a sense of moral balance. These wars lacked the moral clarity of World War II, with its goal of unconditional surrender. Some troops chafed at being sent not to achieve military victory, but for nation-building (“As Iraqis stand up, we will stand down”). The ...