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WASHINGTON — A U.S. airstrike in Mosul has burned up millions of dollars’ worth of Islamic State cash, a defense official confirmed Monday.

The airstrike, which occurred Monday morning, targeted the building in the northern Iraq city after U.S. and coalition forces obtained intelligence that it was being used to hide cash that the Islamic State used to pay for its operations.

This was not the first time that U.S. and coalition airpower hit Islamic State cash. In October, coalition airstrikes hit a cash distribution site near Deir al-Zour in eastern Syria.

The defense official could not say what type of currency the group had at the site.

The airstrikes are part of a strategy to eliminate the Islamic State’s access to money and oil that the group can use to fund its terror operations.

A second U.S. defense official confirmed the strike. Both officials spoke on the condition of anonymity. Twitter: @TaraCopp


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