Accounting of Iraqi cash booty

Factual Questions
1

With some regularity, I hear of huge sums of cash being found in Iraq.
How is this money accounted for?
Does it go into the general federal budget as revenue?
Is it applied to the ongoing military action?
Is it used for Iraqi needs?
Does the army hold on to it to see if any owners file claims within 30 days?
Is it divvied up among the finders to be spent on booze and hookers?

2

I recall seeing something very recently that the Coalition Provisional Authority is using discovered and seized assets for “the benefit of the Iraqi people.” I recall that this means primarily services contracts for picking up trash, restoring power, etc. I’ll look for a cite.

3

http://www.state.gov/e/eb/rls/rm/2003/20693.htm

Try that on for size - more or less the same as I stated above, from a Pentagon official.

I’m a little more suspicous of this next link, but it seems to be in line with my understanding of the situation:
http://www.iraq.net/erica/news-e/archives/00001467.htm

4

http://cnews.canoe.ca/CNEWS/World/Iraq/2003/06/21/116843-ap.html

This article says that seized assets are being used for “essential services” through a fund authorized by the UN Security Council and administered by the US and Britain. Seems to include “found money.”

5

Thanks, Ravenman.
That second article refers to cash being “flown in.”
Does this suggest that Iraq is currently being run on a cash basis? Are there no functioning banks or financial institutions? What impact would a predominant reliance upon cash have upon an economy?