Would you buy a used car from this jihadist? How financially crippled ISIS are turning to selling vehicles and even FISH FARMING in desperate bid to raises funds
- ISIS have been earning millions of dollars a month by selling used cars
- The jihadi group have also been focusing on developing fish farms
- ISIS’s annual income was once thought to be as high as $2.9 billion at its peak but heavy defeats have cut their oil sales and resources
ISIS has been earning millions of dollars a month by selling used cars and running fish farms in Iraq in order to make up for its fall in oil income.
ISIS’s annual income was once thought to be as high as $2.9 billion at its peak, with much of its wealth coming from the oil-rich fields and gas plants in Iraq and Syria.
The U.S.-led coalition airstrikes coupled with significant defeats at Ramadi, Sinjar and Baiji has put pressure on ISIS’s sources of finance.
Unable to sell oil in such vast quantities, the jihad group has been forced to impose strict rationing measures of electricity on its residents and forced fighters to reportedly take significant pay cuts.
‘The terrorists’ current financing mechanism has changed from what it was before the announcement of the caliphate nearly two years ago,’ a report by Iraq’s central court of investigation said, quoting Judge Jabbar Abid al-Huchaimi.
‘After the armed forces took control of several oil fields Daesh was using to finance its operations, the organization devised non-traditional ways of paying its fighters and financing its activities,’ the report added.
Fishing in hundreds of lakes north of Baghdad generates millions of dollars a month, according to the report.
Some fish farm owners abandoned their business when the jihadi group invaded while others agreed to cooperate with ISIS to avoid being attacked.
‘Daesh treats its northern
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