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Islamic state introduces its own currency

It is assumed that the coins will be minted of pure gold and silver.

Islamic state introduces its own currency

The militants of the terrorist group "Islamic state" (IS) want to introduce their own currency. It is reported by The Daily Mail.

According to the newspaper, the jihadists intend to bring back the dinars, used during the time of early Islam. It is assumed that, as in the Middle Ages, the coins will be minted of gold and silver (4.3 grams and 3 grams, respectively).

The reports on the currency introduction appeared in the networks with reference to the statements of religious leaders in the mosques of Mosul and Nineveh. Dinars are expected to go into circulation in the next few weeks on the IS territories in Syria and Iraq controlled by the militants. Nevertheless, the militants themselves did not confirm this information.

Currently dinar is the official currency in Algeria, Bahrain, Iran, Iraq, Jordan, Kuwait, Libya, Serbia, Tunisia and the Republic of Macedonia. However, in these countries coins are minted of less noble metals.

In early June, the militants of the "Islamic State" started attacking the northern and western regions of Iraq. They were joined by radical Sunni soldiers from the army of Saddam Hussein and small terrorist groups. In late June, the "Islamic state" announced the establishment of the "Islamic caliphate" on the territories controlled by the militants in Iraq and Syria – from Aleppo in northern Syria to Diyala province in eastern Iraq.