The analysts IHS Markit predicted that ISIS have lost their 80 percent income during the past two years over the loss of the territory which resulted in the loss of revenues from oil and taxes.
Based on the conflict monitor data on IHS Market, along the second quarter of this year, the ISIS' revenues was noted as much as US$ 16 million per month. The income has declined compared to the same period last year which reached U $81 million.
Those datas were obtained from the results of the interview, ISIS documents, documents from the United Nations (UN), and the source from Syria, opponent. The report underlined the income changes of the richest terrorist group from taxes on his realm, the sale of oil in the black market, until the archaeological artifact smuggling, and the demand from kidnapping.
"Losing the territory is the main descent factor of the decline," said Middle East analyst with IHS Markit Ludovico Carlino, cited from URCNN.com. He explained, the average monthly income of ISIS from oil is down to 88 percent compared to 2015. Meanwhile, the revenue from taxation and looting dropped by 79 percent.
Three years since the Group declared the Islamic State of Iraq, ISIS began to experience the loss of income.
The decrease in revenue was caused by the loss of power of ISIS in Mosul, the Iraq's biggest city and the de facto capital of Syria. IHS Market estimated that ISIs has lost 60 percent ofterritory since January 2016.
ISIS was also predicted to fulfill this revenue decrease by lauching smart, nomadic, and suprising attack.
"Even though ISIS is still involved in commecial activity, especially the production of oil, there are indications they are attempting to improve their financial reserves. The rebelation in the future will be the real economy war, "said Carlino.
Based on the conflict monitor data on IHS Market, along the second quarter of this year, the ISIS' revenues was noted as much as US$ 16 million per month. The income has declined compared to the same period last year which reached U $81 million.
Those datas were obtained from the results of the interview, ISIS documents, documents from the United Nations (UN), and the source from Syria, opponent. The report underlined the income changes of the richest terrorist group from taxes on his realm, the sale of oil in the black market, until the archaeological artifact smuggling, and the demand from kidnapping.
"Losing the territory is the main descent factor of the decline," said Middle East analyst with IHS Markit Ludovico Carlino, cited from URCNN.com. He explained, the average monthly income of ISIS from oil is down to 88 percent compared to 2015. Meanwhile, the revenue from taxation and looting dropped by 79 percent.
Three years since the Group declared the Islamic State of Iraq, ISIS began to experience the loss of income.
The decrease in revenue was caused by the loss of power of ISIS in Mosul, the Iraq's biggest city and the de facto capital of Syria. IHS Market estimated that ISIs has lost 60 percent ofterritory since January 2016.
ISIS was also predicted to fulfill this revenue decrease by lauching smart, nomadic, and suprising attack.
"Even though ISIS is still involved in commecial activity, especially the production of oil, there are indications they are attempting to improve their financial reserves. The rebelation in the future will be the real economy war, "said Carlino.
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