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.

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Filed under: Inspector General • Iraq
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    This is getting a bit more subjective, but I much prefer the Zune Marketplace. The interface is colorful, has more flair, and some cool features like 'Mixview' that let you quickly see related albums, songs, or other users related to what you're listening to. Clicking on one of those will center on that item, and another set of "neighbors" will come into view, allowing you to navigate around exploring by similar artists, songs, or users. Speaking of users, the Zune "Social" is also great fun, letting you find others with shared tastes and becoming friends with them. You then can listen to a playlist created based on an amalgamation of what all your friends are listening to, which is also enjoyable. Those concerned with privacy will be relieved to know you can prevent the public from seeing your personal listening habits if you so choose.

    http://www.duzcehaber.tk

    January 13, 2021 at 4:39 am | Reply
  87. son dakika diyarbakır haberleri

    Hands down, Apple's app store wins by a mile. It's a huge selection of all sorts of apps vs a rather sad selection of a handful for Zune. Microsoft has plans, especially in the realm of games, but I'm not sure I'd want to bet on the future if this aspect is important to you. The iPod is a much better choice in that case.

    http://www.diyarbakirhaber.tk

    January 13, 2021 at 4:33 am | Reply
  88. denizli haberleri

    http://www.denizlihaberler.tk

    January 13, 2021 at 4:28 am | Reply
  89. çanakkale haberleri

    http://www.canakkalehaber.tk

    January 13, 2021 at 4:23 am | Reply
  90. bolu haberleri

    Between me and my husband we've owned more MP3 players over the years than I can count, including Sansas, iRivers, iPods (classic & touch), the Ibiza Rhapsody, etc. But, the last few years I've settled down to one line of players. Why? Because I was happy to discover how well-designed and fun to use the underappreciated (and widely mocked) Zunes are.

    http://www.boluhaber.tk

    January 13, 2021 at 4:17 am | Reply
  91. bilecik haberleri

    If you're still on the fence: grab your favorite earphones, head down to a Best Buy and ask to plug them into a Zune then an iPod and see which one sounds better to you, and which interface makes you smile more. Then you'll know which is right for you.

    http://www.bilecikhaberler.tk

    January 13, 2021 at 4:12 am | Reply
  92. bursa haberleri

    Sorry for the huge review, but I'm really loving the new Zune, and hope this, as well as the excellent reviews some other people have written, will help you decide if it's the right choice for you.

    http://www.bursahaber.tk

    January 13, 2021 at 3:58 am | Reply
  93. bartın haberleri

    http://www.bartinhaberler.tk

    January 13, 2021 at 3:52 am | Reply
  94. son dakika bayburt haberleri

    If you're still on the fence: grab your favorite earphones, head down to a Best Buy and ask to plug them into a Zune then an iPod and see which one sounds better to you, and which interface makes you smile more. Then you'll know which is right for you.

    http://www.bayburthaberleri.tk

    January 13, 2021 at 3:45 am | Reply
  95. gaziantep haberleri

    The new Zune browser is surprisingly good, but not as good as the iPod's. It works well, but isn't as fast as Safari, and has a clunkier interface. If you occasionally plan on using the web browser that's not an issue, but if you're planning to browse the web alot from your PMP then the iPod's larger screen and better browser may be important.

    http://www.antephaberler.tk

    January 13, 2021 at 3:38 am | Reply
  96. antalya haberleri

    The Zune concentrates on being a Portable Media Player. Not a web browser. Not a game machine. Maybe in the future it'll do even better in those areas, but for now it's a fantastic way to organize and listen to your music and videos, and is without peer in that regard. The iPod's strengths are its web browsing and apps. If those sound more compelling, perhaps it is your best choice.

    http://www.antalyahaberi.tk

    January 13, 2021 at 3:20 am | Reply
  97. son dakika ankara haberleri

    Sorry for the huge review, but I'm really loving the new Zune, and hope this, as well as the excellent reviews some other people have written, will help you decide if it's the right choice for you.

    http://www.ankarahaberler.tk

    January 13, 2021 at 3:11 am | Reply
  98. aksaray haberleri

    Between me and my husband we've owned more MP3 players over the years than I can count, including Sansas, iRivers, iPods (classic & touch), the Ibiza Rhapsody, etc. But, the last few years I've settled down to one line of players. Why? Because I was happy to discover how well-designed and fun to use the underappreciated (and widely mocked) Zunes are.

    http://www.aksarayhaberleri.tk

    January 13, 2021 at 3:07 am | Reply
  99. son dakika adıyaman haberleri

    I'll gear this review to 2 types of people: current Zune owners who are considering an upgrade, and people trying to decide between a Zune and an iPod. (There are other players worth considering out there, like the Sony Walkman X, but I hope this gives you enough info to make an informed decision of the Zune vs players other than the iPod line as well.)

    http://www.adiyamanhaberler.tk

    January 13, 2021 at 3:01 am | Reply
  100. son dakika adana haberleri

    http://www.adanahaberleri.tk

    January 13, 2021 at 2:56 am | Reply
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