Hundreds of millions of ISIS funds destroyed in airstrikes: US

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US Airstrike Destroys Millions in ISIS Cash

WASHINGTON (Reuters) -- U.S.-led air strikes on Islamic State cash storage sites have cost the militant group hundreds of millions of dollars, a U.S. military spokesman said on Wednesday.

The United States is trying to cut revenue to Islamic State -- believed to be one of the best-funded militant groups in the world -- through air strikes targeting its oil production as well as cash storage sites. U.S. officials believe the ultra-hardline Sunni group is more dependent on cash as it has seen its access to the formal banking system reduced through sanctions and other measures.

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Hundreds of millions of ISIS funds destroyed in airstrikes: US
A Coalition airstrike destroys a Daesh weapons storage warehouse near Fallujah, Iraq to disrupt terrorist operations. The strikes were conducted as part of Operation Inherent Resolve, the operation to eliminate the Daesh terrorist group and the threat they pose to Iraq, Syria, and the wider international community. The destruction of Daesh targets in Syria and Iraq further limits the group's ability to project terror and conduct operations.
This video depicts a strike against an ISIL ammunition bunker near Bayji, Iraq. The strikes were conducted as part of Inherent Resolve, the operation to eliminate the terrorist group ISIL and the threat they pose to Iraq, the region and the wider international community. The destruction of ISIL targets in Syria and Iraq further limits the terrorist group’s ability to project power and conduct operations. Coalition nations conducting airstrikes in Iraq include the U.S., Australia, Belgium, Canada, Denmark, France, Netherlands and the United Kingdom. Coalition Nations conducting airstrikes in Syria include the U.S., Bahrain, Jordan, Saudi Arabia, and the United Arab Emirates.
Airstrike against ISIL bunker conducted 4 November near Bayji, Iraq.
Operational video of a U.S. airstrike against an ISIL logistics base west of Mosul, Iraq Oct. 27
U.S. Air Force C-130 aircraft conducted an airdrop Oct. 27 in the vicinity of Al Asad Air Base, Iraq, to provide humanitarian aid for delivery by Iraqi Security Forces to members of the Iraqi Albu Nimr tribe. The aircraft delivered more than 7,000 halal meals which were retrieved by ISF and delivered to the tribe who recently relocated from their homes near Hit, Iraq, to flee ISIL aggression. The C-130 aircraft, which are deployed to the U.S. Central Command area of responsibility, exited the airdrop zone safely.
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Colonel Steve Warren, a spokesman for the U.S.-led military effort against Islamic State, said the air strikes on cash storage and collection sites have destroyed hundreds of millions of dollars' worth of currency. He declined to give a more precise estimate of how much money had been destroyed.

As of mid-January, the U.S.-led coalition had struck 10 Islamic State cash storage and distribution sites in Iraq and Syria, Warren said last month.

In addition to selling oil pumped from territory it controls, Islamic State also has earned revenue through taxation, selling antiquities and raids on banks in its territory, U.S. officials say.

Islamic State has declared a self-styled caliphate across areas of territory it controls in Iraq and Syria, imposing its own harsh interpretation of Islamic law.

U.S.-led air strikes have helped force the militant group to cut its fighters' pay by up to 50 percent, a senior U.S Treasury official said earlier this month.

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Hundreds of millions of ISIS funds destroyed in airstrikes: US
A civilian woman carries her child during a battle with Islamic State militants, east of Mosul, Iraq, January 10, 2017. REUTERS/Azad Lashkari
Civilians walk past Iraqi Special Operations Forces (ISOF) during a battle with Islamic State militants, east of Mosul, Iraq, January 10, 2017. REUTERS/Azad Lashkari
A displaced man, who fled the Islamic State stronghold of Mosul, carries a woman in the Mithaq district of eastern Mosul, Iraq, January 3, 2017. REUTERS/Thaier Al-Sudani TPX IMAGES OF THE DAY
Smoke rises from clashes during a battle with Islamic State militants in the Mithaq district of eastern Mosul, Iraq, January 3, 2017. REUTERS/Thaier Al-Sudani
An Iraqi soldier is seen during a battle with Islamic State militants, north of Mosul, Iraq, December 30, 2016. REUTERS/Khalid al Mousily
Iraqi people flee the Islamic State stronghold in the town of Bartella, east of Mosul, December 28, 2016. REUTERS/Ammar Awad TPX IMAGES OF THE DAY
Iraqi people flee the Islamic State stronghold in the town of Bartella, east of Mosul, December 28, 2016. REUTERS/Ammar Awad
Iraqi rapid response forces cook food in their headquarters during the war against the Islamic state militants east of Mosul, Iraq, December 21, 2016. REUTERS/Khalid al Mousily
Mohammad Hassan, whose hand was chopped off by Islamic State militants, sits outside a house at Nimrud village, south of Mosul, Iraq, December 13, 2016. Picture taken December 13, 2016. REUTERS/Mohammed Salem
Displaced Iraqi boys, who fled the Islamic State stronghold of Mosul, warm themselves by a fire in Khazer camp, Iraq,December 15, 2016.REUTERS/Ammar Awad
Displaced Iraqi woman, who fled the Islamic State stronghold of Mosul, bids her relatives farewell as she leave Khazer camp to go home, Iraq December 10, 2016.REUTERS/Ammar Awad
Iraqi Christians come to visit the heavily damaged Church of the Immaculate Conception after Iraqi forces recaptured it from Islamic State in Qaraqosh, near Mosul, Iraq, December 9, 2016. REUTERS/Ammar Awad
An Iraqi father (L) mourns the death of his son, who was killed during clashes in the Islamic State stronghold of Mosul, in al-Samah neighborhood, Iraq December 1, 2016. REUTERS/Mohammed Salem
An Iraqi girl, who was wounded during clashes in the Islamic State stronghold of Mosul, lies on a bed at a field hospital in al-Samah neighborhood, Iraq December 1, 2016. REUTERS/Mohammed Salem
Displaced people who fled the clashes transfer to camps during a battle with Islamic State militants in Mosul, Iraq, November 30, 2016 REUTERS/Alaa Al-Marjani
A member of the Iraqi Special Operations Forces (ISOF) gestures in military vehicle during a battle with Islamic State militants in Mosul, Iraq, November 30, 2016 REUTERS/Alaa Al-Marjani TPX IMAGES OF THE DAY
A man gestures as other men sit on the ground as an Iraqi Special forces intelligence team check their ID cards as they search for Islamic State fighters in Mosul, Iraq November 27, 2016. REUTERS/Goran Tomasevic
Two men hold hands as an Iraqi Special forces intelligence team searches for Islamic State fighters in Mosul, Iraq November 27, 2016. REUTERS/Goran Tomasevic
Oilfields burned by Islamic State fighters are seen in Qayyara, south of Mosul, Iraq November 23, 2016. REUTERS/Goran Tomasevic TPX IMAGES OF THE DAY
Boys stand in front of oilfields burned by Islamic State fighters in Qayyara, south of Mosul, Iraq November 23, 2016. REUTERS/Goran Tomasevic
Civilians flee fighting between Iraqi forces and Islamic State fighters in Mosul, Iraq, November 20, 2016. REUTERS/Goran Tomasevic TPX IMAGES OF THE DAY
Smoke rises from clashes during a battle with Islamic State militants at the airport of Tal Afar west of Mosul, Iraq November 18, 2016. REUTERS/Thaier Al-Sudani
A member of Shi'ite fighters carries a weapon during a battle with Islamic State militants at the airport of Tal Afar west of Mosul, Iraq November 18, 2016. REUTERS/Thaier Al-Sudani
A displaced woman from the outskirts of Mosul covers herself in a blanket in the town of Bashiqa, after it was recaptured from the Islamic State, east of Mosul, Iraq, November 18, 2016. REUTERS/Khalid al Mousily
A girl attends classes after the city was recaptured from the Islamic State militants in Qayyara, Iraq, November 17, 2016. REUTERS/Ari Jalal
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