Video: Millions of Dollars go up in smoke as US Planes destroys Islamic State bank in Mosul
It has been revealed that the United States-led coalition that fighting the global terror group, the Islamic State (IS, also known as ISIS, ISIL, and Daesh) on January 11, destroyed a cash distribution centre of the group as well as two command centers near Mosul, Iraq.
Reports indicate that targeting ISIS’ finances remains a key part of Operation Inherent Resolve, the name of the Combined Joint Task Force’s mission to eliminate the terrorist group.
The building in Mosul was holding ISIS cash worth millions of Dollars when it was destroyed by two 2,000-pound bombs, according to CNN which cited an unnamed US defense official.
ISIS is known to finance its operations through oil smuggling, racketeering, kidnapping, and taxing those residing inside its caliphate in Syria and Iraq.
In 2015, Iraq’s finance minister accused ISIS militants of looting nearly half a billion dollars from banks in Mosul, Tikrit, and Baiji, Reuters reports.