Diary (May 17, 2022)
Online diary of Karl Jones for Tuesday May 17, 2022.
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Diary
Hundred dollar bills
Lost in Iraq
2007: How the US sent $12bn in cash to Iraq. And watched it vanish
Special flights brought in tonnes of banknotes which disappeared into the war zone
- How the US sent $12bn in cash to Iraq. And watched it vanish @ The Guardian
Surge
2019: There’s been a mysterious surge in $100 bills in circulation, possibly linked to global corruption
WED, FEB 27 20199:22 AM
The number of hundred-dollar bills in circulation has skyrocketed in the past decade. It could be a troubling indicator for global corruption as high-denomination bills remain a go-to for criminals, given the anonymity and lack of transaction record. “There’s certainly enough evidence to say it is an enabler of corruption, but it is also a way for people to keep assets outside of the financial system,” says Nicholas Colas, co-founder of DataTrek research.
- There’s been a mysterious surge in $100 bills in circulation, possibly linked to global corruption @ CNBC