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Islamic State: Up to $800m of funds 'destroyed by strikes'
Source: BBC
Islamic State: Up to $800m of funds 'destroyed by strikes'
26 April 2016 Middle East
Up to $800m (£550m) in cash held by so-called Islamic State (IS) has been destroyed in air strikes, a US military official says.
Maj Gen 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% 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, Maj Gen 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.
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26 April 2016 Middle East
Up to $800m (£550m) in cash held by so-called Islamic State (IS) has been destroyed in air strikes, a US military official says.
Maj Gen 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% 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, Maj Gen 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.
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Read more: http://www.bbc.com/news/world-middle-east-36145301
