It was reported this week that the terrorist group, ISIS, recently mandated U.S. dollars be the legal tender in their occupied territories. From now on, the U.S. dollar will be the only form of currency ISIS accepts for tax payments, fines, and utility payments. This recent policy is vastly different from the gold and silver minted currency that ISIS proposed over a year ago.
In 2014, the group announced they would be minting their very own Islamic dinar, but now it seems they are back to relying on American currency.
Just a few months ago, Turkish police arrested six suspected ISIS members while they were minting coins, but nothing more has been reported about the plan since.
Rumors have circulated in the media that this shift in financial strategy is due to the fact that the ISIS regime is struggling to make ends meet, and that their once plentiful supply of money is now dwindling.
Lisa Monaco, President Barack Obama’s counterterrorism adviser, made sure the U.S. military and the Obama regime took credit for the troubles ISIS is encountering.
“We are seeing our efforts having some effect on their financial flows. And it’s difficult to get a handle on just how much because of the different illicit ways in which they are handling their finances but you’ve seen the efforts that our military has taken to take out cash storage sites, and I think it is our hope and expectation that that will have demonstrable effects. On what order of magnitude, I think it’s difficult to say,” Monaco said.
Russia is also taking credit for the decline in revenues. According to the AP,“Minister Sergei Shoigu reported to President Vladimir Putin on Friday that Russian warplanes destroyed 15 oil refining and storage facilities in Syria and 525 trucks carrying oil during this week’s bombing blitz. He said this deprived IS of $1.5 million in daily income from oil sales.”
Whatever the reason may be, exiles from ISIS-controlled territories have confirmed the group is struggling financially and has experienced a severe drop in morale.
“You can sense the frustration, their morale is down,” one resident told reporters.
One resident of the city of Fallujah in Iraq told the New York Times that ISIS fighters who once made $400 a month aren’t being paid at all and their food rations have been cut to two meals a day.