News

Actions

Islamic State group facing money shortage

Posted at 11:20 AM, Feb 16, 2016

BEIRUT (AP) — The Islamic State group is suffering from a shortage of cash.

It has cut salaries across the region it calls a caliphate. And it’s asking residents of the group’s stronghold in Syria to pay utility bills in black-market American dollars.

The militants are also now releasing detainees for a cut-rate price of $500 a person.

The group is having trouble meeting expenses, thanks to coalition airstrikes and other measures that have eroded millions of dollars from their finances since last fall.