This image from a video released by the U.S. military last month shows an airstrike targeting an ISIS cash and finance distribution center near Mosul, Iraq.
Reuters: Hundreds of millions of Islamic State funds destroyed in air strikes: U.S.
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.
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.
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Update: US airstrikes have destroyed 'hundreds of millions' in ISIS cash -- AP
WNU Editor: It looks like it is having an impact .... Cash-strapped ISIS is forced to slash wages, free captives for a 'cut-price' $500 and stop giving fighters free Snickers bars as air strikes hit their oil trade (Daily Mail).
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