Up to US$800m of IS cash ‘de­stroyed’

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Bagh­dad: Up to US$800 mil­lion (FJ$1656.68m) in cash held by so­called Is­lamic State (IS) has been de­stroyed in air strikes, a US mil­i­tary of­fi­cial says. Ma­jor-Gen­eral Peter Ger­sten, who is based in Bagh­dad, said the US had re­peat­edly tar­geted stores of the group’s funds. The blow to the group’s fi­nanc­ing has con­trib­uted to a 90 per cent jump in de­fec­tions and a drop in new ar­rivals, he said. In 2014, the US Trea­sury called IS “the best-funded ter­ror­ist or­gan­i­sa­tion” it had en­coun­tered.

In a brief­ing to re­porters, Ma­jorGen­eral Ger­sten, the deputy com­man­der for op­er­a­tions and in­tel­li­gence for the US-led op­er­a­tion against IS, said un­der 20 air strikes tar­get­ing the group’s stores of money had been con­ducted. He did not spec­ify how the US knew how much money had been de­stroyed.

In one case, he said, an es­ti­mated US$150m (FJ$310.63m) was de­stroyed at a house in Mo­sul, Iraq.

Forces fight­ing IS re­ceived in­tel­li­gence in­di­cat­ing in which room of the house money was stored. The room was then bombed from the air, Ma­jor-Gen­eral Ger­sten said. BBC

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