In a move that appears to be aimed at bolstering its claim to be the legitimate revitalization of the Islamic Caliphate, ISIS has announced plans to introduce a new, or rather very old, currency to its territory.
Details are still scant, but imams in Iraq’s Nineveh Province, an ISIS stronghold, say the plan is to introduce new gold and silver coins based on the specifications of those used during the original caliphate.
Under early Islamic law, a dinar was approximately 4.5 grams of gold, and a dirham was just over 3 grams of silver. Those specifications have been used for centuries as a basis for currencies across the Islamic world, but have fallen into disuse in the modern era.
The ISIS move is not entirely unprecedented, however, as Malaysian states have minted dirhams and dinars for almost a decade, which was proposed as a medium of exchange between Muslim nations hoping to eschew the US dollar.
ISIS has already been using gold and silver measurements as the basis for its taxation in some territory, particularly as pertains to collecting the Jizya tax from non-Muslim residents of ISIS territory. Though ISIS has a large amount of cash from the looting of the Mosul Bank, it is unclear exactly how much gold and silver they have to support serious mintage of a new currency.
Did ISIS just become less evil than the Fed?
They shall produce these gold coins inside the military tanks and troop carriers, always on the march !
Daljit
Bless their darling intent
For they will surely win the hearts and minds of a great multitude, as nothing more corrupt under the sun is the U.S. dollar and the Western bankers who manipulate and control the power of it.
But not so among the voting majority of Empire USA, as most all of this democratic angina are fully aware that they create brutal imperialism by their voting, keenly aware that they personally are the root cause of all the vengeance that creates terrorism, and the greater a politician can plunder the world using the World Bank and IMF, the greater their chance for election.
This is hilarious propaganda! They create a fake boogyman!
Then, make him look evil with Fake Beheadings!
Then, associate them with wanting Gold Back Currency so if anyone that believes in Gold backed currency will be associated with evil too!
Only morons believe this ISIS BS!
Remember we heard Saddam and Qaddafi were going to try that??
And look what happened to them!
Now we HAVE to get boots on the ground! The new Axis of Evil is challenging the Fed.
It'll certainly be fascinating to see if the IS has enough gold and silver to do this. I suspect that if they tried it, the coins would have to be no more than a speck of dust.
Stolen gold, oh boy… IMF will jump all over it, they already negotiating how much and when ISIS needs the money!