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The Largest Heist in History: Unraveling the Anatomy of the Iraqi Central Bank Robbery

"The largest heist in history is widely recognized as the 2003 looting of the Central Bank of Iraq in Baghdad, where approximately $1 billion was stolen on the direct orders of Saddam Hussein just hours before the United States-led invasion. While various cyber heists and corporate frauds have rivaled this scale in the modern era, the physical removal of nearly one billion U.S. dollars in cash remains an unmatched milestone in criminal history. Historical Context and the Prelude to the 2003 Baghdad Robbery Understanding the magnitude of the Central Bank of Iraq robbery requires examining the financial governance of Iraq under the Ba'ath Party...."

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