The Central Bank of Iraq (CBI), revealed that, the Daesh militant group, seized a total of 825 million U.S. dollars, when they captured the predominantly Sunni provinces in northern and western Iraq, in 2014.
In a statement, the CBI said, the terrorist group in Jun, 2014 seized 121 branches of the government-owned and private banks, including the CBI branch in Mosul.
Most of the money Daesh seized from the banks were deposits belonging to government departments and the provincial governments' allocations for the annual 2014 budget, it added.
The extremist organisation also gained large amounts of money since Jun, 2014, according to the statement, which showed that the group's income amounted to two billion dollars annually, making it one of the richest extremist organisations, at the time.
The daily revenues of the group from the illegal oil selling from oil fields in Iraq and Syria, amounted to about two million dollars, for the sale of 30,000 barrels per day, with the price of a barrel ranging between 25-50 dollars, before the drop in oil prices in the past, the statement said
Source: NAM News Network