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I have a vivid memory of a BBC report where they reported on the scale of the operation for moving cash into Iraq: hundreds and hundreds of pallets of $100 bill
by arethuza 7y ago
I have a vivid memory of a BBC report where they reported on the scale of the operation for moving cash into Iraq: hundreds and hundreds of pallets of $100 bills - $12 billion in total.
Guardian link to the same story:
https://www.theguardian.com/world/2007/feb/08/usa.iraq1 https://www.theguardian.com/world/2007/feb/08/usa.iraq1
363 tons of $100 bills!
- Fjolsvith 7y agoAnd $1.3b to Iran more recently: https://www.wsj.com/articles/u-s-sent-two-more-planeloads-of-cash-to-iran-after-initial-payment-1473208256 https://www.wsj.com/articles/u-s-sent-two-more-planeloads-of...
- iudqnolq 7y agoMoney the old government payed us for airplane parts we didn't deliver to the new government, plus interest, divided by around 10 because we had leverage. Also, (2016). In return, we got hostages on planes. Was it ransom disguised as a legally required transaction? Maybe. Was it effective? Iran did what we were asking in return, so...