Last week, it was reported that the terrorist group, ISIS, mandated U.S. dollars to be the legal tender in their territories. This means that, from now on, the U.S. dollar is going to be the only form of currency that they are going to accept for payments, fines and utility payments.
This recent policy is different from the gold and silver minted currency that ISIS proposed more than a year ago. In 2014, they announced that they will be minting their very own Islamic dinar. However, it seems that they have changed their mind.
In addition, a few months ago, Turkish police arrested six suspected ISIS members whilst they were minting coins. However, nothing more has been reported about the plan since.
Of course, rumors have circulated in the media that this shift in financial strategy is due to the fact that the ISIS regime is making an effort to make ends meet. Moreover, their once rich supply of money is now dwindling.
Lisa Monaco, President Barack Obama’s counter-terrorism adviser, made sure that 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
In addition to this, Russia is also taking credit for the decline in revenues.
“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.” Acording to AP – The Big Story
Whatever the reason might be, exiles from ISIS-controlled territories have confirmed that the group is not in a very good financial position and that it has experienced a severe drop in morale.
“You can sense the frustration, their morale is down.” one resident told reporters
Furthermore, one resident of the city of Fallujah in Iraq told the New York Times that ISIS fighters who once made $400 a month are not being paid at all and their food has been cut to 2 meals a day.
What is going to happen next, nobody can say for sure. However, ISIS’ decision to make the U.S. dollar their currency all of a sudden is questionable, taking into consideration the fact that they first wanted to have their own Islamic dinar.
How is the adoption of the U.S. dollar by ISIS going to affect us? Share your thoughts in the comments section below.