Study: Islamic State May Soon Go Broke in Iraq and Syria – IOTW Report

Study: Islamic State May Soon Go Broke in Iraq and Syria

Breitbart: The Islamic State (ISIS/ISIL) is plagued by financial troubles, with annual revenue falling by over 50 percent over the last two years, a study finds.

However, “the decline in revenues may not have an immediate effect on the group’s ability to carry out terrorist attacks outside its territory. While hurting Islamic State finances puts pressure on the organization and its state-building project, wider efforts will continue to be necessary to ultimately defeat it,” points out the London-based International Center for the Study of Radicalization (ICSR) and accounting group Ernst & Young in its study.

Moreover, ISIS and its affiliates have expanded to multiple countries where they may find sources of income other than what is available to them in their so-called caliphate in Iraq and Syria.

In opium-rich Afghanistan alone, ISIS may potentially generate enough profits to replenish and surpass its annual revenue by capitalizing on the lucrative production of opium and its heroin derivative in the province of Nangarhar, where the group has established a stronghold.

Some estimates have placed the potential revenue for ISIS from the sale of Afghan opium and heroin at $50 billion annually.

According to the ICSR report, ISIS’s annual income fell by an estimated 55 percent from $1.9 billion at the peak of its power in 2014 to about $870 million in 2016.  read more

snip: Have they considered fundraisers? Maybe force some children to sell Under-Age-Girl Scout Cookies?

12 Comments on Study: Islamic State May Soon Go Broke in Iraq and Syria

  1. They’ll get by, Obama gave $10’s of Billions to Iran to Fund ISIS and other Islamic terror organizations (but don’t you know that’s not treason).
    But that renewal of resources dried up, they’ll have to “cut their head count”.

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