ISIS Has Minted Its Own Gold Currency

SM Gibson
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.

This new dinar was patterned after coins that were originally traded throughout the Arabian Peninsula in the early days of Islam, circa 634 CE.

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.

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