1. The mastermind was none other than Iraqi dictator Saddam Hussein. Via: World Finance. Advertisement. Continue reading the main story. Central Bank of Iraq ($1bn, 2003) What is by far the largest bank robbery in history was not perpetrated by a normal off-the-street criminal. But We have seen some extraordinary robberies which had shook entire government of a country. Hussein's second son showed up to the Central Bank of Iraq in Baghdad with a handwritten note from his bad dad demanding all of the bank's cash for safekeeping. One day before the Iraq War began in 2003, he sent three large trucks to the Central Bank. 1. For sheer amount of currency stolen, no robbery compares to the Central Bank Of Iraq heist, which is said to have been perpetrated by none other than Saddam Hussein. He said the banknotes amounted to one-quarter of the Central Bank's foreign currency reserves. The money was taken by the robberies with the help of a truck, and it took almost 5 hours to load the whole money in it. Writing about Robberies may not also a good thing. The new dinar bill and coins will be printed in Arabic and Kurdish. The biggst bank robbery happend in 2003 when Saddam Hussein stole nearly $1 billion from the Central Bank of Iraq. In a statement, the Central Bank set the new rate for the dinar, which is pegged to the U.S. dollar, at 1,450 IQD when selling to the Iraqi Finance Ministry. The robbery happened just before the U.S. bombing of Iraq in 2003. The scale of the Great Iraq Robbery is beyond comprehention of the sane. ... Central Bank of Iraq – Family Affair. Saddam Hussein was behind the world’s largest bank robbery, about $1 billion In March 2003, on several occasions beginning on March 18, the day before United States forces entered Baghdad, nearly US$1 billion was stolen from the Central Bank of Iraq. The National Bank of Iraq became the Central Bank of Iraq in 1956. In fact, in an audacious move, nearly $1bn was stolen from Iraq’s Central Bank by its very own dictator. Robbing isn't surely a noble thing. This bank robbery will impress you even before the adjustment for inflation. Unsourced Section of Robbery. But it was less than the 2003 robbery of Iraq's Central Bank, in which about $1 billion worth of American currency and euros were stolen. The Central Bank Of Iraq Heist. Home » The biggest robberies in the history of the world » Central-Bank-of-Iraq-robbery Central-Bank-of-Iraq-robbery Daniel Valensi 2020-01-03T17:10:56+00:00 August 24th, 2016 | Since switching over to its own central bank, the Iraqi monetary system was "replete with mismanagement, coercive stop-gap measures, and the production of an unstable, unreliable currency which ha[d] not been tradable on the international market for [many] years". By Kathleen Caulderwood @kcaulderwood 06/13/14 AT 6:28 PM. 6. It is claimed that Saddam Hussein perpetrated the bank robbery, because he was expecting United States forces to be in the area at any moment. And well it should, being that it is one of the largest, most audacious robberies not only in American history, but in global bank robbery history, too. Mosul Bank Robbery Isn't The Only Thing Funding ISIS. The al-Qaeda splinter grouping made off with £256 million in cash and a large amount of gold bullion from Mosul's central bank during its takeover of the city Central Bank of Iraq Robbery — $1 Billion Stolen This bank robbery redefines “inside job.” In the immediate lead-up to the American invasion of Iraq in 2003, Saddam Hussein’s second son, Qusay Saddam Hussein, appeared at the Central Bank of Iraq in Baghdad with a handwritten note from his father demanding all of the bank’s cash for safekeeping. Central Bank of Iraq was created in 1947. One of Saddam Hussein's sons took almost $1bn (£640m) in cash from Iraq's central bank only hours before the Americans started bombing, the US state department said last night. The Bank Robbery - 2003 is rated/received certificates of: Canada:14+ (Ontario) Central Bank of Iraq has faced the robbery which caused it the total loss of $1 billion. It is claimed that Saddam Hussein perpetrated the bank robbery, because he was expecting United States forces to be in the area at any moment. What are the ratings and certificates for The Bank Robbery - 2003? Central Bank of Iraq Robbery — $1 Billion Stolen. July 28, 2009 – 12H39 – banking – crime – Iraq (AFP) Eight dead, US$3.8 million missing in Baghdad bank heist Thieves made off with at least 3.8 million dollars in a pre-dawn raid on a branch of state-owned Al-Rafidain bank in the central Baghdad shopping district of Karrada on Tuesday that left eight police guards dead in one of Iraq's biggest-ever heists. This is by far the biggest bank robbery in the world though it doesn’t look much like a heist.The mastermind was none other than Iraqi dictator Saddam Hussein. The Bank's Deputy Governor said that they want to produce … This bank robbery redefines "inside job." An Iraqi bank official told the newspaper that the volume of the cash was so great it had to be taken away in three lorries at about 0400 local time on 18 March. Central Bank of Iraq. The biggest robbery in Britain’s history at $300 million happened at the Sumitomo Bank in London in September of 2007. Photo credit:Reddit. He also sent his son Qusay with a handwritten note asking to withdraw nearly $1 billion to keep it from enemy hands. Another robbery in Baghdad became the largest bank heist in history. This is considered the largest bank heist in history. The bank robbery that took place at the Central Bank of Iraq in 2003, is said to be the largest cash heist in the history of the world. The Central Bank of Iraq has reportedly announced the production of new 50,000 IQD bills and coins from the beginning of the New Year. This section of the article relating to the robbery: "However, this was meager in comparison to the Bank Heist of late 2008 to 2011 when the U.S federal reserve digitally removed over 3 trillion U.S $ in stimulus and bank bailouts. In March 2003, just hours before the U.S. bombing campaign in Iraq began, Saddam Hussein and members of his family took an estimated $1 billion in cash from Iraq’s Central Bank. 2 – Central Bank of Iraq Stolen: $920million. 1: Central Bank of Iraq, Baghdad, Iraq Considered the biggest heist in History the Central Bank of Iraq found its self the victim of a heist when a handwritten note was presented from Saddam Hussein for $920 million to be withdrawn and given to to his son, Qusay Hussein. Iraq holds the world record for both the first and second highest amounts taken in the history of bank robberies. 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