363 Tons of Cold Hard Cash Shipped to Iraq – No Kidding

On December 12, 2003, $1.5 billion was shipped to Iraq, initially “the largest pay out of U.S. currency in Fed history,” according to an e-mail cited by committee members. It was followed by more than $2.4 billion on June 22, 2004, and $1.6 billion three days later. The CPA turned over sovereignty on June 28.

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