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U.S. troops find Iraq cash
Officials believe $950M stash is part of $1B Qusay Hussein heisted from Iraqi central bank.
May 14, 2003: 1:43 PM EDT

NEW YORK (CNN) - Money found by U.S. soldiers in Baghdad may have been the bulk of close to $1 billion cash believed to have been heisted by Qusay Hussein from the Iraqi central bank, a top Treasury Department official said Wednesday.

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David Aufhauser, general counsel to the Treasury Department, told members of a House Financial Services subcommittee that the soldiers found 191 of the 236 boxes of cash that documents indicate were prepared by Iraqi central bank workers for delivery out of Iraq.

Aufhauser said the 191 boxes contain $850 million in U.S. dollars and $100 million in euros. But he cautioned that it still needs to be determined if the cash is real or counterfeit.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.