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sebastian_dangerfield
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Old 02-07-2007, 12:28 PM   #11
Adder
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Join Date: Mar 2003
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363 tons of Benjamins

Quote:
Originally posted by Secret_Agent_Man
U.S. dollars are used as currency in Iraq, right alongside the dinar.

Plus, the cash went to the Iraqi "government" of the day, which held it as foreign currency reserves.

S_A_M
That isn't what the article says. It says the money was to fund government functions.

Bremer's explanation:

Quote:
"We were in the middle of a war, working in very difficult conditions, and we had to move quickly to get this Iraqi money working for the Iraqi people," Bremer told lawmakers. He said there was no banking system and it would have been impossible to apply modern accounting standards in the midst of a war.
8.8 billion is apparently unacounted for
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