GREATEST HEIST Saddam Hussein & Kuwait Central Bank 1990 DINAR P13 Banknote DHOW
Item History & Price
| Reference Number: Avaluer:9943941 | Country/Region of Manufacture: Kuwait |
| Type: P-13 Banknote / Bill | Certification: Yes |
| Year: 1990 | Country: Kuwait |
| Circulated/Uncirculated: Uncirculated |
GREATEST BANK HEISTS OF ALL TIME
Saddam Hussein and the Central Bank of Kuwait
Kuwait 1990 1 Dinar Banknote P-13
Image shows typical notes, not to scale and is for illustration purpose only. Actual notes will vary.
PERFECT GIFT!
Saddam Hussein was a mass murderer and ruthless dictator. He was also a common thief, participating in what was called a foreign invasion but was really the greatest heist of all time: the Central Bank of Kuwait.
Jesse James, B...illy the Kid, John Dillinger, Bonnie and Clyde—these are the names that come to mind when we think of bank robbers. But the most brazen, brutal, and successful bank robber of all time was not an outlaw from the American Middle West, but a dictator from the Arab Middle East: the Iraqi despot Saddam Hussein.
In March, 2003, hours before the United States began its “Shock & Awe” campaign in Baghdad, Saddam boosted a staggering $920 million from the Central Bank of Iraq. His son Qusay and an accomplice forced the managers to empty the vault and drove off with the money in three trucks. It was the largest bank heist of all time. (U.S. troops found $650 million of the loot squirreled away in the walls of one of Saddam’s places; the rest remains unrecovered).
By then, Saddam was no stranger to grand larceny. After all, this is a man who invaded a sovereign nation to weasel his way out of repaying a debt. Make no mistake: the 1990 invasion of Kuwait was all about money. Iraq had borrowed US$14 billion from Kuwait to finance its war with Iran, which ended in 1988.
Rather than reimbursing his creditors, Saddam Hussein decided to conquer them. One of Saddam’s first moves after taking Kuwait City in August of 1990 was to hold up the Central Bank of Kuwait. His men made off with millions of Kuwaiti dinars, which were then worth more than their Iraqi counterparts.
The cash from Saddam’s frozen bank accounts alone amounted to some $1.7 billion—237 tons of that money, in small denominations, was shipped to Iraq in 2003 to finance the rebuilding effort. And that’s just the money investigators were able to track down. No one knows how much Saddam stole in his lifetime, but estimates range as high as eleven figures.
This set contains a banknote of the kind that
Saddam Hussein and his minions
would have found in the vault of the
Central Bank of Kuwait in 1990.
The note:
Kuwait P-13
1 dinar
issued 1990
Obverse: arms at right, Kuwait City Telecommunications Center at left.
Reverse: old fortress. Watermark: dhow, a traditional Red Sea sailing vessel.
Dimensions: 136 x 68 mm.
SEE OUR OTHER BANKNOTE COLLECTIONS AND SINGLES
RIGHT HERE
and please see our other listings for more great coins & treasures
WHEN YOU CLICK THIS LINK
Thank You!
02164
Saddam Hussein and the Central Bank of Kuwait
Kuwait 1990 1 Dinar Banknote P-13
Image shows typical notes, not to scale and is for illustration purpose only. Actual notes will vary.
PERFECT GIFT!
Saddam Hussein was a mass murderer and ruthless dictator. He was also a common thief, participating in what was called a foreign invasion but was really the greatest heist of all time: the Central Bank of Kuwait.
Jesse James, B...illy the Kid, John Dillinger, Bonnie and Clyde—these are the names that come to mind when we think of bank robbers. But the most brazen, brutal, and successful bank robber of all time was not an outlaw from the American Middle West, but a dictator from the Arab Middle East: the Iraqi despot Saddam Hussein.
In March, 2003, hours before the United States began its “Shock & Awe” campaign in Baghdad, Saddam boosted a staggering $920 million from the Central Bank of Iraq. His son Qusay and an accomplice forced the managers to empty the vault and drove off with the money in three trucks. It was the largest bank heist of all time. (U.S. troops found $650 million of the loot squirreled away in the walls of one of Saddam’s places; the rest remains unrecovered).
By then, Saddam was no stranger to grand larceny. After all, this is a man who invaded a sovereign nation to weasel his way out of repaying a debt. Make no mistake: the 1990 invasion of Kuwait was all about money. Iraq had borrowed US$14 billion from Kuwait to finance its war with Iran, which ended in 1988.
Rather than reimbursing his creditors, Saddam Hussein decided to conquer them. One of Saddam’s first moves after taking Kuwait City in August of 1990 was to hold up the Central Bank of Kuwait. His men made off with millions of Kuwaiti dinars, which were then worth more than their Iraqi counterparts.
The cash from Saddam’s frozen bank accounts alone amounted to some $1.7 billion—237 tons of that money, in small denominations, was shipped to Iraq in 2003 to finance the rebuilding effort. And that’s just the money investigators were able to track down. No one knows how much Saddam stole in his lifetime, but estimates range as high as eleven figures.
This set contains a banknote of the kind that
Saddam Hussein and his minions
would have found in the vault of the
Central Bank of Kuwait in 1990.
The note:
Kuwait P-13
1 dinar
issued 1990
Obverse: arms at right, Kuwait City Telecommunications Center at left.
Reverse: old fortress. Watermark: dhow, a traditional Red Sea sailing vessel.
Dimensions: 136 x 68 mm.
SEE OUR OTHER BANKNOTE COLLECTIONS AND SINGLES
RIGHT HERE
and please see our other listings for more great coins & treasures
WHEN YOU CLICK THIS LINK
Thank You!
02164
