IRAQ: The Regime's Debt | Council on Foreign Relations The cost of the war and the interruption of Iraqs oil exports caused Saddam to scale down his ambitious programs for economic development. He joined the Baath Party in 1957. At the time of his death, Hussein had a net worth of $2 billion dollars. The values touted by people trying to sell the new Dinar is a self inflated amount set by Saddam himself.At no time was the old dinar valued at $3.22 to $1 USD. Astronomers detect "Scary Barbie" black hole ripping apart huge star "I have literally spent almost all day bagging and tagging these little dictator notes," Lindgren said in an e-mail. To revist this article, visit My Profile, then View saved stories. Collector's Currency. The captured finance minister, al-Azzawi, has described a scheme involving banks in Beirut, Lebanon and Amman, Jordan, U.S. officials told ABCNEWS. Saddam Hussein (born April 28, 1937) is famous for being criminal. On November 5, 2006, Saddam was convicted of charges related to the 1982 killing of 148 Iraqi Shi'ites and was sentenced to death by hanging. Tomonis says it's common to see increased speculation in a nation's currency during times of upheaval. All rights reserved. "Our overriding aim is for this money to be used as much as possible for the benefit of the Iraqi people," said Simon Moise, the British treasury spokesman. Iraq 25 Dinars Banknote, 1986 (AH1406), P-73a, UNC The Iraqi Central Bank is the national central bank responsible primarily for managing monetary policy and supervision of the financial system in Iraq. NY Fed's $40 Billion Iraqi Money Trail - CNBC Forbes magazine estimated Saddam's worth at $2 billion a month ago down from $7 billion in 2000. Are you sure you want to delete the gift tag. As Iraq?s legal tender, the standard denomination later became issued in 50, 250, 10,000, and 25,000 bills. Let us know if you have suggestions to improve this article (requires login). Found a lower price? The money came from an account held at the New York Fed called the "Development Fund for Iraq" which was made up of billions of dollars in Saddam Hussein's financial assets that had been. It's not so black and white, he says. ($). Some pointed to the rise of the Kuwaiti dinar after the Gulf War as evidence that the Iraqi dinar could experience similar success. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. About Saddam Hussein Abd al-Majid al-Tikriti. A different soldier stole around $700,000. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Most of the money was eventually discovered in one of Saddam's palaces. The. Put it in your collection and save it. Saddam Hussein | Biography, History, Death, Sons, & Facts The Iraqi dinar is the currency of Iraq and can be exchanged for U.S. dollars. Help others learn more about this product by uploading a video!
