Islamic State looted $800m in funds, says Iraqi central bank
IMF says central bank cannot avoid financing government deficit
Rebel fighters from the so-called Islamic State (IS) organisation looted currency worth approximately $828 million from banks in Iraq over the past three years, according to an official statement from the the country’s central bank.
The IS fighters had taken around $101 million in US currency and 856 billion Iraqi dinars, worth around $727 million, the Central Bank of Iraq (CBI) said in a statement issued in Arabic on August 9 and translated by locally based reporters. Forces from IS had seized
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