US-led coalition airstrikes against the Islamic State (aka ISIS, ISIL, and Daesh) on January 11, destroyed a cash distribution center and two command centres near Mosul, Iraq.
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 stocked with ISIS’ cash was destroyed by two 2,000-pound bombs, CNN reported citing an
unnamed US defence official.
ISIS also finances its operations through oil smuggling, racketeering, kidnapping, and taxing those residing inside its caliphate in Syria and Iraq.
Last year Iraq’s finance minister said ISIS militants looted nearly half a billion dollars from banks in Mosul, Tikrit, and Baiji, Reuters reports.
Here’s an aerial view of the airstrike:
Reuters contributed to this report.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.