Up to US$800m of IS cash ‘destroyed’
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