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Audit accounts for 'missing’ $6.6b in Iraq

Bloomberg News / October 27, 2011

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A new Pentagon audit resolves a lingering Iraq-war mystery, concluding that $6.6 billion of U.S.-controlled reconstruction money was transferred to the Central Bank of Iraq, not lost or stolen. The Coalition Provisional Authority, created by the United States to run Iraq after the invasion, controlled more than $20.7 billion during its 14-month life, including $6.6 billion held when it was dissolved on June 28, 2004.

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