first published on February 22, 2016 by Will
The Islamic State has lost more than $100 million in cash after ten recent U.S. airstrikes destroyed various buildings used for storing illicit terror funds in Iraq and Syria.
ISIS has accrued billions of dollars over the past two years from selling oil, looting banks, and taxing the local population, so the recent financial loss is only a small fraction of what they still have, but it is negatively effecting the terror organization.
The Islamic State has been forced to cut their fighters’ wages and ration ammunition due to airstrikes on these financial caches as well as the airstrikes that have targeted oil facilities and convoys. Daesh oil production is estimated to have dropped by 25 percent.