Up to $800 Million of ISIS Cash Has Been Destroyed: U.S. Official
The Islamic State militant group (ISIS) is struggling to stay financially viable after coalition airstrikes destroyed up to $800 million of the group’s cash reserves, a U.S. military official has said. Major General Peter Gersten, the U.S. deputy commander for operations and intelligence against ISIS, told reporters on Tuesday that around 20 airstrikes had been conducted […]Conor Gaffey writes for Newsweek:
The Islamic State militant group (ISIS) is struggling to stay financially viable after coalition airstrikes destroyed up to $800 million of the group’s cash reserves, a U.S. military official has said.
Major General Peter Gersten, the U.S. deputy commander for operations and intelligence against ISIS, told reporters on Tuesday that around 20 airstrikes had been conducted targeting cash stockpiles held by the group. Gersten, who is based in the Iraqi capital Baghdad, said that estimates put the total amount of money destroyed at between $500 million and $800 million. In one incident, an estimated $150 million was destroyed in an airstrike on a house in Mosul, he said.
