Saturday 14 December 2019
 
»
 
»
Story

Islamic State announces new gold currency

WASHINGTON, September 1, 2015

Islamic Sate (IS) has announced the creation of a new currency in gold, silver and copper, featuring a world map, including the Americas, where the group said its reign will reach.

The group said its own dinars and dirhams will hurt the dollar and the US financial system.  

A new video released by the group purports to show a newly minted form of coin currency for use within territory IS militants have claimed.

The new currency, the video says, has been "made from the measures of wealth that Allah created." It is not clear how the coins are minted, or how they'll replace currency in Iraq and Syria -- a caliphate Islamic State is fighting to establish.

Islamic State militants have launched a brutal campaign in those areas backed by fear tactics, mass executions, and the beheading of westerners and non-Sunni Muslims.  – Reuters




Tags: Dinar | Dirham | Islamic State |

More Finance & Capital Market Stories

calendarCalendar of Events

Ads