[lbo-talk] BBC: US troops crack Iraqi bank safes

Grant Lee grantlee at iinet.net.au
Fri May 16 04:51:35 PDT 2003


Not as exciting as it sounds, but definitely an innovative way of dealing with deflation...

"US troops crack Iraqi bank safes"

"American soldiers in the northern Iraqi city of Kirkuk have broken into the vaults of a fire-gutted bank to release money to pay local oil workers.

Employees of the North Oil company collected overdue wages after US army engineers used pneumatic drills to penetrate the vaults - which were damaged when the bank was looted last month.

Heavily-armed American troops provided security, directing thousands of workers towards a charred brick building where cashiers dished out money.

Oil company officials said Thursday's wage distribution was an important step towards reviving the local economy."

http://news.bbc.co.uk/2/hi/middle_east/2992837.stm



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