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ISIS claimed start of new currency by minting of coins

September 2, 2024International AffairsOmkar Sawant

According to its newly released video, The ISIS claimed to have started its own currency by minting coins. It described the move as a “second blow” to the US after 9/11.

In the video, the ISIS presented its new currency, and claimed that it have started minting and circulating its own gold coins.

The ISIS also described the step as a “second blow to the United States and its capitalist financial system of enslavement”, after the 9/11 attacks.

The video entitled “The Rise of the Khilafah and the Return of the Gold Dinar”. The video shows the smelting of gold, silver and copper coins. The new ISIS currency comes in several denominations of gold, silver and copper.

About the Coin

The coins are imprinted with Islamic symbols and are completely void of human and animal images in accordance with Shariah law.

The reverse side of one coin shows seven wheat stalks, “representing the blessing of spending in the path of Allah,” says the narrator of the video.

What else the video says?

The video, begins with an extensive analysis on “the capitalist financial system of enslavement, underpinned by a piece of paper called the Federal Reserve dollar note,” and the corruption that allowed for the American destruction of the monetary system.

Background

  • ISIS had announced its plans to mint its own currency in gold, silver and copper, in last year in November.
  • It had stated that the aim of the currency was to stay away from the “tyrant’s financial system”.
  • ISIS is considered to be one of the richest terror groups in history.
  • Theft, oil smuggling, extortion and human trafficking are considered some of its sources of income.
  • ISIS has taken over large territories in Syria and Iraq.
  • US officials say that ISIS has become a self-sustaining financial force, as the group earns more than three million USD a day.
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