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article imageTerrorists steal $425 million in cash and more

By Walter McDaniel     Jun 12, 2014 in World
Terrorists affiliated with ISIS have made off with 500 billion Iraqi dinars ($425 million) in addition to an undisclosed quantity of gold bullion.
Insurgents attacked the central bank of Mosul and quickly stole the valuables. Many are speculating that they now have more money than some small nations. However it could be even larger than that because no one seems to have clear numbers on the amount of gold bullion.
The facts come from a Washington Post report where they debate whether ISIS is a terrorist organization. However they are militant, radical and now have the funding to create terror. That fits the standards for most journalists.
For those unfamiliar with ISIS it stands for the Islamic State in Iraq and the Levant. They are a group in Iraq and Syria which performs lightning raids on nearby governments and organizations. They practice guerrilla warfare all over these countries. They have also claimed they were an independent state which many have largely ignored. Their newly found wealth may be part of a bid for recognition.
The US stance is that officials stand behind the government. What that means as far as assistance for the beleaguered region remains to be seen.
While we cannot know for sure what they will do with the wealth we can be sure the situation is going to get worse. Officials revealed in another report by the International Business Times that they could not have stopped the theft. Things will only be getting worse from here.
More about Isis, Terrorism, Theft, Middle East
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