Background
"The Office of the Special Inspector General for Iraq Reconstruction (SIGIR) is the successor to the Coalition Provisional Authority Office of Inspector General (CPA-IG).
SIGIR was created in October 2004 by a congressional amendment to Public Law 108-106 triggered by the June 28, 2004, dissolution of the CPA.
The amendment allows SIGIR to continue the oversight that CPA-IG had established for Iraq reconstruction programs and operations. Specifically, SIGIR is mandated with the oversight responsibility of the use, and potential misuse, of the Iraq Relief and Reconstruction Fund (IRRF) and all obligations, expenditures, and revenues associated with reconstruction and rehabilitation activities in Iraq."
The following is a quote from the 33rd quarterly report to Congress. This is on page 84 of the report.
"In April 2012, The CoM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013 and required the issuance of new currency notes. The reform would have made the dinar’s value slightly less than $1. It is currently worth less than on-tenth of a cent."
