It seems the coalitions’ air strikes and fighting being carried out by ground forces are starting to take a toll on ISIS. At least
, on their source of income.
A document produced by the vicious terrorist organisations financial arm, says that it has been forced to cut the salaries of its murderous fighters by 50%. With indications that the group is struggling to make ends meet after losing territory and oil revenue.
It is reported that Islamic State generates around $80 million dollars a month through tax, oil sales and trading illegal drugs.
The US-led coalition has been mainly focused on targeting the Islamic State’s oil income – which makes up about 43 per cent of overall revenue, alongside this RAF air strikes have significantly degraded the group’s refining capacity, and ability to transport oil via tanker convoys. These tactics are now beginning to show signs of fruition.
A “cash distribution centre” reportedly used to pay fighters was recently bombed by the international coalition in Mosul, destroying millions of dollars stored there.
According to the document released by the Treasury Ministry of ISIS, fighters will now get just £100 a month because of these “exceptional circumstances”.
The news that ISIS is beginning to show struggle over it’s finances is a small, but important step to suggest that the attacks on the death cult are working.
Cuts to fighters’ salaries, price hikes on electricity and other basic services, and the introduction of new agricultural taxes will surely start to harm the groups influence and popularity as it attempts to establish itself over it’s claimed territories.