Central Bank of Iraq - The Largest Bank Robbery in History

The Largest Bank Robbery in History

In March 2003, on several occasions beginning on March 18, the day before the United States began bombing Baghdad, nearly US$1 billion was stolen from the Central Bank of Iraq. This is considered the largest bank heist in history.

In March 2003, a hand-written note surfaced, signed by Saddam Hussein, ordering $920 million to be withdrawn and given to his son Qusay. Bank officials state that Qusay and another unidentified man oversaw the cash, boxes of $100 bills secured with stamped seal known as security money, being loaded into trucks and trailers during a five hour operation. Qusay was later killed by the U.S. military in a battle.

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