June 29, 2015
(ANTIMEDIA) Rumors circulated online late last year that the Islamic State was attempting to mint its own precious metal-backed currency. Last week, photographs emerged on social media that appear to show the physical manifestation behind that speculation. The gold-minted coins pictured below have since been confirmed as real by anti-ISIS activists.
The terrorist group has said that it is pursuing its own currency to “emancipate itself from the satanic global economic system.”
According to ISIS, which is attempting to set its own exchange rates, one gold dinar is valued at $139 (£88), a five dinar coin at $694 (£440), three silver dirhams ranging between $1 (64p) and $9 (£6), and two copper coins at a few pennies each.
An image of sheaths of wheat blowing in the wind is engraved across the coins, along with the phrases “The Islamic State” and “A caliphate based on the doctrine of the prophet.” Another coin shows a map of the world on its flip-side.
It is currently unclear how soon, if ever, this new currency will be put to use.
Given the stigma surrounding the terrorist organization, it seems highly unlikely that this new currency will be traded internationally among nations, but given that it is backed by gold and silver, the coins will still hold value and could, in theory, still be traded.
— Abu Ibrahim Raqqawi (@raqqa_mcr) June 22, 2015
This article (ISIS Has Minted Its Own Gold Currency) is free and open source. You have permission to republish this article under a Creative Commons license with attribution to the author and theAntiMedia.org. Tune in! Anti-Media Radio airs Monday through Friday @ 11pm Eastern/8pm Pacific. Help us fix our typos: firstname.lastname@example.org.