Of the many stunning revelations to emerge out of the wreckage of Mosul on Wednesday — 500,000 fleeing residents, thousands of freed prisoners, unconfirmed reports of “mass beheadings” — the one that may have the most lasting impact as Iraq descends into a possible civil war is that the Islamic State of Iraq and Syria just got extremely rich.
As insurgents rolled past the largest city in northern Iraq, an oil hub at the vital intersection of Syria, Iraq and Turkey, and into Tikrit, several gunmen stopped at Mosul’s central bank. An incredible amount of cash was reportedly on hand, and the group made off with 500 billion Iraqi dinars — $425 million.
The provincial governor of Nineveh, Atheel al-Nujaifi, said that the radical Islamists had lifted additional millions from numerous banks across Mosul, as well as a “large quantity of gold bullion,” according to the International Business Times, which called ISIS the “World’s Richest Terror Force.”
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