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Explosive documents obtained from Iraq’s Federal Board of Supreme Audit have laid bare a staggering corruption scheme involving the illicit acquisition of US currency by over 151,000 citizens. Shockingly, these individuals obtained dollars at the official state rate for travel purposes but never left the country, hence locally called ‘ghost travellers’. The corruption involved a network that spans Iraq’s Central Bank employees, private banks, currency exchange entities, and tourism companies. As investigations unfold, the scope of complicity among key players in Iraq’s financial landscape beco…

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