October 26th, 2011
05:48 PM ET

Once thought lost and now found...$6.6 billion

By Senior National Security Producer Charley Keyes

The mystery of $6 billion that seemed to go missing in the early days of the Iraq war has been resolved, according to a new report.

New evidence shows most of that money, $6.6 billion, did not go astray in that chaotic period, but ended up where it was supposed to be, under the control of the Iraqi government, according to a report from the office of the Special Inspector General for Iraq Reconstruction or SIGIR.

The report details the transfer of cash from the U.S. to the Central Bank of Iraq. Much of it was originally assets of Iraq, some was part of the Oil for Food program imposed during the regime of former Iraqi leader Saddam Hussein and some was funneled through the United Nations for relief and reconstruction projects, according to the report.

The report focuses on money left over from shipments of more than $10 billion in U.S. currency shipped to Iraq - much of it in shrink-wrapped bricks of hundred dollars bills - and the $6.6 billion remaining when the temporary overseer of Iraq, the Coalitional Provisional Authority, went out of business in the summer of 2004 with the creation of a new Iraqi government.

Earlier, the money had seemed to be missing. The inspector general himself, Stuart Bowen, said flatly in June, "It has not been properly accounted for."

The official accounting had used more bland language. "SIGIR concluded that weaknesses in DoD's financial and management controls left it unable to properly account for and articulate the disposition of remaining DFI (Development Fund for Iraq) funds," a 2010 report said.

But the inspector general's new report says almost all the $6.6 billion was properly handed over to Iraq and its Central Bank. "SIGIR was able to account for the unexpended DFI funds remaining in DFI accounts when the CPA (Coalitional Provisional Authority) dissolved in June 2004," the new report says. "Sufficient evidence exists showing that almost all of the remaining $6.6 billion remaining was transferred to actual and legal CBI (Central Bank of Iraq) control."

While the bulk of the money was transferred to the Central Bank of Iraq, $217 million remained in a vault in a former presidential palace and was held by the U.S. Defense Department and most was doled out for a variety of projects and payrolls, the report says.

"In February 2008, SIGIR conducted a cash count at the palace vault and determined that $24.45 million remained," the report says, pointing out that the Pentagon returned this money to Iraq the next month. Now further SIGIR reports are expected in January 2012 on how the Defense Department used other money for small projects and to pay contractors.

"At the same time, SIGIR will report on about $2.8 billion more in DFI funds used by DoD agencies, including the U.S. Army Corps of Engineers, for reconstruction projects provided under a separate agreement executed with Iraq in June 2004," the report says.

Post by:
Filed under: Inspector General • Iraq
soundoff (2,098 Responses)
  1. google my business page optimization

    The the next occasion I just read a blog, I really hope which it doesnt disappoint me approximately this one. I mean, Yes, it was my choice to read, but I actually thought youd have some thing interesting to state. All I hear is actually a number of whining about something you could fix if you werent too busy in search of attention.

    https://anchor.fm/lenny-rowell

    November 10, 2021 at 2:10 am | Reply
  2. click here

    Magnificent beat ! I wish to apprentice whilst you amend your web site, how could i subscribe for a weblog website? The account helped me a acceptable deal. I have been tiny bit familiar of this your broadcast offered vibrant clear concept

    http://service.mobile.radiofann.com/node/1490034

    August 2, 2021 at 12:06 pm | Reply
  3. Franklyn Aurrichio

    I must show my thanks to the writer just for bailing me out of such a incident. As a result of looking through the internet and getting principles that were not powerful, I figured my life was over. Being alive without the presence of solutions to the problems you have fixed through your entire post is a crucial case, and the kind which might have badly damaged my career if I hadn't noticed your web page. Your primary training and kindness in playing with almost everything was useful. I'm not sure what I would have done if I had not discovered such a step like this. I can also at this point look forward to my future. Thanks for your time so much for the specialized and sensible help. I will not think twice to recommend the sites to any individual who should have direction about this problem.

    https://macleod-bech.technetbloggers.de/many-maintenance-tips-for-your-vehicle-oil-transformation-vehicle-in-quincy-ma

    July 27, 2021 at 2:47 am | Reply
  4. 먹튀검증사이트

    Right here is the perfect webpage for anyone who wants to find out about this topic. You know so much its almost hard to argue with you (not that I personally would want toÖHaHa). You certainly put a new spin on a topic that's been discussed for decades. Excellent stuff, just excellent!

    http://sc.sie.gov.hk/TuniS/gambling8arttower79.over-blog.com/2021/06/reduce-the-casino-business.html

    June 30, 2021 at 2:09 pm | Reply
  5. 먹튀

    Great article. I am experiencing a few of these issues as well..

    https://clashofcryptos.trade/wiki/Quit_Gambling_One_Way_And_the_Other

    June 30, 2021 at 1:44 pm | Reply
  6. https://mbee.com.vn/dia-chi-ban-vach-ngan-ve-sinh-compact-tai-ho-chi-minh/

    Hi there, just became aware of your blog through
    Google, and found that it's really informative.

    I'm gonna watch out for brussels. I'll be grateful if you continue this in future.

    A lot of people will be benefited from your writing.
    Cheers!

    June 30, 2021 at 1:12 pm | Reply
  7. 구미출장마사지

    This web site definitely has all of the information I needed concerning this subject and didnít know who to ask.

    http://yarncar6.jigsy.com/entries/general/Deep-Tissue-Massage-Therapy

    June 30, 2021 at 12:21 pm | Reply
  8. mobile casino

    Xem Trực Tiếp Viettel Vs Tỉnh Bình Dương Trên V League 2021 Ở Kênh Nào? m88cvfĐội tuyển Việt Nam chỉ muốn một kết trái hòa có bàn thắng nhằm lần thứ hai góp mặt trên World Cup futsal. Nhưng, nhằm thực hiện được điều đó

    https://novelinkblog.com/

    June 30, 2021 at 11:15 am | Reply
  9. Observer

    Thanks so much for the article post.Thanks Again. Much obliged.

    https://bit.ly/3dobJVs

    June 30, 2021 at 11:08 am | Reply
  10. 먹튀검증사이트

    Greetings, I do think your web site may be having browser compatibility issues. When I look at your blog in Safari, it looks fine however, if opening in IE, it has some overlapping issues. I just wanted to provide you with a quick heads up! Besides that, great blog!

    http://awaker.info/home.php?mod=space&uid=3683240

    June 30, 2021 at 8:06 am | Reply
  11. 먹튀검증사이트

    I wanted to thank you for this good read!! I absolutely loved every bit of it. I have got you book-marked to check out new things you postÖ

    https://www.hulkshare.com/vacuumpencil83

    June 30, 2021 at 7:42 am | Reply
  12. mbee.com.vn

    It's an remarkable paragraph for all the web people; they will obtain advantage from it I am sure.

    June 30, 2021 at 5:30 am | Reply
  13. nha cai

    Xem Thẳng Viettel Vs Tỉnh Bình Dương Tại V League 2021 Ở Kênh Nào? keo nha cai hom nayĐội tuyển chọn futsal nước Việt Nam đã được một trận đấu chấp nhận được trước đối thủ cạnh tranh đầy mức độ mạnh Lebanon. Kết quả Bà Rịa-Vũng Tàu vs Bình Phước thời điểm hôm nay 18h00 ngày 5/5, Hạng nhất nước Việt Nam.

    https://naija5.com/

    June 30, 2021 at 2:01 am | Reply
  14. 포항출장

    I really love your website.. Very nice colors & theme. Did you make this web site yourself? Please reply back as Iím hoping to create my very own blog and would like to know where you got this from or what the theme is named. Many thanks!

    http://twitter.podnova.com/go/?url=https://www.blurb.com/user/xmuaelh717

    June 29, 2021 at 11:47 pm | Reply
  15. 포항출장마사지

    Aw, this was an exceptionally nice post. Taking a few minutes and actual effort to make a great articleÖ but what can I sayÖ I hesitate a lot and never seem to get nearly anything done.

    https://massage1waylondnel032.de.tl/10-Signs-You-Should-Invest-in-2623542523B2623546373B2623526363B2623511093B2623505043B2623475603B.htm

    June 29, 2021 at 10:55 pm | Reply
  16. báo giá vách ngăn vệ sinh

    It's really very complicated in this active life to listen news on TV,
    so I only use internet for that purpose, and take the hottest news.

    June 29, 2021 at 9:07 pm | Reply
  17. xoac tv

    Link Coi Trực Tiếp Soccer Futsal Việt Nam Vs Lebanon Vòng Loại World Cupvtv3 trực tiếp bóng đáĐây có lẽ là trường hợp “của đi thay cho nhân viên" khá may mắn đối cùng với Ben McLemore. Thiếu chút nữa tay ném của Los Angeles Lakers đã có được thể gặp gỡ tai nạn nguy hiểm. Cập nhật kết trái trận Việt Nam vs Lebanon thuộc play-off vòng loại Futsal World Cup 2021.

    https://virandoamor.com/detail/wapcombong-da-102089.html

    June 29, 2021 at 4:02 pm | Reply
  18. www.pharmaceptica.com

    hydroxyclorine https://pharmaceptica.com/

    June 29, 2021 at 2:59 pm | Reply
  19. one hitter dugout

    Dab Pads & Oil Containershttps://www.posts123.com/user/823121/poundwhite31All products intended for use with legal smoking/vaping mixtures only .

    https://www.posts123.com/user/794569/gamestory7

    June 29, 2021 at 10:11 am | Reply
  20. pharmaceptica

    hydroxychlor 200mg https://pharmaceptica.com/

    June 29, 2021 at 9:52 am | Reply
  21. ket qua bong da

    Xem Trực Tiếp Viettel Vs Tỉnh Bình Dương Trên V League 2021 Ở Kênh Nào? nhà cáiĐội tuyển futsal Việt Nam đã có được một trận đấu đồng ý được trước đối thủ cạnh tranh đầy sức mạnh Lebanon. Kết trái Bà Rịa-Vũng Tàu vs Bình Phước ngày hôm nay 18h00 ngày 5/5, Hạng nhất nước ta.

    https://sshuebner.org/

    June 29, 2021 at 8:43 am | Reply
  22. tấm compact

    We're a gaggle of volunteers and opening a new
    scheme in our community. Your web site offered us with useful info to work on. You've done a
    formidable task and our entire neighborhood will likely be grateful
    to you.

    June 29, 2021 at 8:29 am | Reply
  23. 먹튀

    Hello there! I could have sworn Iíve visited your blog before but after looking at some of the posts I realized itís new to me. Anyhow, Iím definitely delighted I discovered it and Iíll be bookmarking it and checking back regularly!

    https://www.indiegogo.com/individuals/26986408

    June 29, 2021 at 8:29 am | Reply
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

Leave a Reply to www.pharmaceptica.com


 

CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.