However, the United States lost the account of $8.7 billion in Iraqi funds. After the invasion of Iraq ended, Iraqi oil was sold to help finance the Iraq Development Fund (DFI). The conspiracy theory is still circulating, stating that the United States stole Iraqi gold and oil, specifically $20 TRILLION in gold and $30 TRILLION in oil.
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Learn about why was Gold Ownership Outlawed? A timeline explaining what happened when US abandoned The Gold Standard & how investors should react.
The Central Bank of Iraq is said to have 90 tons of gold reserves, but there is a conspiracy theory that the United States stole Iraqi gold and oil. Uncovering the truth about what happened to Iraq's gold remains a mystery.