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U.S.-led coalition blows up $500 million in Islamic State cash

U.S.-led coalition blows up $500 million in Islamic State cash

The U.S.-led coalition air campaign has incinerated about $500 million of the Islamic State’s cash stockpiles and cut its oil revenues by an estimated 50%, according to a senior defense official.

The Islamic State has been forced to ration fuel in some areas and cut pay by half to its fighters and government officials in regions it controls, according to the official, who asked not to be named in order to discuss intelligence issues.

Source: U.S.-led coalition blows up $500 million in Islamic State cash