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Jay Currie

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6/22/2005

Shock and Awe? Well, Cash and Carry

Citing documents from the U.S. Federal Reserve Bank in New York, Waxman said the United States flew in nearly $12 billion overall in U.S. currency to Iraq from the United States between May 2003 and June 2004.

This money was used to pay for Iraqi salaries, fund Iraqi ministries and also to pay some U.S. contractors.

In total, more than 281 million individual bills, including more than 107 million $100 bills, were shipped to Iraq on giant pallets loaded onto C-130 planes, the report said.
washington post via the zerb
I don't see anything terribly wrong with this. But I suspect other people will not be quite so sanguine.

They must have really, really, trusted those pilots.