IS Reportedly Starts Minting Its Own Islamic Dinar Gold Coins

World | June 24, 2015, Wednesday // 10:40
Bulgaria: IS Reportedly Starts Minting Its Own Islamic Dinar Gold Coins Photo: www.dw.de

Islamic State (IS) has reportedly started minting its own Islamic Dinar gold coins bearing inscriptions of the Islamist militant group with one gold dinar having a value of USD 139.

An-anti IS activist, who lives in the IS-controlled city of Raqqa in Syria posted photographs of the coins on his Twitter account, saying these were to come into circulation soon, the Telegraph reports.

In November 2014, IS announced that it will start minting its own currency in areas under its own control in an attempt to “emancipate itself from the satanic global economic system”.

The currency, which is based on the original dinar coins used during the Caliphate of Uthman in 634, is foreseen to include seven coins in total – two gold, three silver and two copper.

Among the designs, which are to be featured on the coins are a symbol of seven wheat stalks, which is a reference to the Quran and a world map.

The prototype design also showed that the coins would bear an Arabic message on the lines of “The Islamic State – A caliphate based on the doctrine of the Prophet”.

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Tags: Islamic state, IS, dinar, coin, Syria, mint, currency, caliphate, Quran

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