Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2013
Looting of the Mosul branch
ISIL militants looted the Central Bank's Mosul branch during the Battle of Mosul and reportedly removed more than US$4.29 million.
2003
Pre-invasion Central Bank cash withdrawal
Nearly US$1 billion was taken from the bank shortly before the 2003 invasion. Reference accounts describe a handwritten order attributed to Saddam Hussein and the loading of cash into vehicles under the supervision of Qusay Hussein.