Wednesday, June 24, 2015

Islamic State Starts To Mint Its Own Currency

Pictures posted on social media showed a series of gold sovereigns bearing Isil inscriptions

The Telegraph: Islamic State mints its own 'Islamic Dinar' coins

Group claims one gold coin is worth $139 (£89)

Islamic State of Iraq and the Levant (Isil) has begun minting its own “Islamic dinar” coins, Syrian activists claimed on Tuesday night.

Pictures posted on social media showed a series of gold sovereigns bearing Isil inscriptions, and with a reported value of one gold dinar being with $139 (£89).

An anti-Isil activist by the name of Abu Ibrahim Raqqawi, who lives in the Isil controlled city of Raqqa in Syria, posted photographs of the coins on his Twitter account, saying they were due to come into circulation soon. Pictures were also posted on pro-Isil social media accounts.


WNU Editor: With each passing day the Islamic State is becoming more of a "state" than just a movement. Let us see if they start selling bonds.

1 comment:

Bob Huntley said...

Yeah. Get the bankers in there. They'll be on their knees begging for mercy in about a month.