Titanic – 10.77 – Central Bank of Iraq (Baghdad, Iraq)

REGION E – THE MIDDLE EAST

THE SINKING OF THE TITANIC


The Central Bank
of Iraq

ROTHSCHILD OWNED & CONTROLLED CENTRAL BANK

The Official Story

THE CENTRAL BANK OF IRAQ
(Baghdad, Iraq)


 

The Central Bank of Iraq (CBI) is the central bank of Iraq. It was established in 1947, the same year in which the British occupation of Iraq was ended. CBI’s primary objectives are to ensure domestic price stability and foster a stable competitive market based financial system.

History

After World War I and the dissolution of the Ottoman Empire, Iraq’s monetary system was administered by the British Mandate of Mesopotamia until 1931, when the Iraq Currency Board was established in London to issue the new Iraqi dinar and maintain its reserves. The Iraq Currency Board pursued a “conservative monetary policy, maintaining very high reserves behind the dinar”, which was “further strengthened by its link to the British pound”.

In 1949, the currency board was replaced by the National Bank of Iraq, which had been founded two years before on November 16, 1947. The National Bank of Iraq became the Central Bank of Iraq in 1956. 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”. Saddam Hussein wielded monetary and the dinar as “a powerful instrument of repression”.

Beginning on March 18, 2003 (the day before United States forces entered Baghdad as part of the 2003 invasion of Iraq) nearly US$1 billion was stolen from the Central Bank of Iraq. That month, a handwritten note signed by Saddam Hussein surfaced, ordering $920 million to be withdrawn and given to his son Qusay Hussein. Bank officials state that Qusay and another unidentified man oversaw the cash, boxes of $100 bills secured with stamped seals known as security money, being loaded into trucks and trailers during a five-hour operation. This was considered the largest bank heist in history until 2011. Qusay Hussein was later killed by the U.S. 101st Airborne Division in a battle.

U.S. Department of the Treasury and Coalition Provisional Authority inspectors discovered the bank in ruins after the Battle of Baghdad and mass looting after the invasion. After the fall of Saddam Hussein’s government, the Central Bank of Iraq was established as Iraq’s independent central bank by the Central Bank of Iraq Law 2004, with authorised capital of 100 billion dinars. According to the law, 100% of the bank’s capital stock would be held by the State and would not be transferable.

The Constitution of Iraq states that the central bank is a financially and administratively independent institution, responsible before the Council of Representatives of Iraq. According to the Constitution, the Iraqi federal government has the “exclusive authority” of “establishing and administering a central bank”.

On 25 January 2011, the Supreme Court of Iraq ruled that the Central Bank of Iraq should be under supervision of the Council of Ministers of Iraq. Then Central Bank chief Sinan Al Shabibi warned that the ruling would threaten the institution’s requisite independence.

Currently the acting Governor of the Central Bank of Iraq is Abdel Basset Turki, which also happens to be the head of the state-spending watchdog the Board of Supreme Audit.

During the Battle of Mosul in June 2014, Islamic State of Iraq and the Levant (ISIL) militants looted the Central Bank in Mosul, absconding with over US$429 million.

Source: Wikipedia

Titanic (1997) – Stern Sinking Scene

The Truth

FALSE FLAG

A false flag is a covert operation designed to deceive; the deception creates the appearance of a particular party, group, or nation being responsible for some activity, disguising the actual source of responsibility.

AWAKEN IRAQ

SUBLIMINAL
adjective

(of a stimulus or mental process) below the threshold of sensation or consciousness; perceived by or affecting someone’s mind without their being aware of it.

HISTORICAL TRUTH

TITANIC TRUTH

THE TIME IS NOW:

AWAKEN HUMANITY

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