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Page added on June 24, 2015

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Islamic State mints its own Currency

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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.

Isil announced last November that it would start producing their own currency in areas under its control, in an effort to “emancipate itself from the satanic global economic system”.

The currency, based on the original dinar coins used during the Caliphate of Uthman in 634 CE, was set to include seven minted coins: two gold, three silver and two copper.

Designs due to be embossed on the gold coins included a symbol of seven wheat stalks – a Quranic reference – and a world map.

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

Telegraph



10 Comments on "Islamic State mints its own Currency"

  1. GregT on Wed, 24th Jun 2015 7:42 am 

    “emancipate itself from the satanic global economic system”.

    First China and Russia, now this? What’s a poor central banking cartel to do? There’s only one answer, they need another World War.

  2. James Bond on Wed, 24th Jun 2015 7:51 am 

    It’s gonna be a collectors item.

  3. Steve O on Wed, 24th Jun 2015 12:01 pm 

    Those things are going to disappear so fast it will make those crazy Mullahs heads spin.

  4. Davy on Wed, 24th Jun 2015 12:09 pm 

    Will they sell these on EBay? I want some.

  5. peakyeast on Wed, 24th Jun 2015 4:11 pm 

    Davy: Do you really dare to buy them? I can easily imagine the USA kidnapping(arrested is the wrong word when it comes to US handling of criminal cases) you for supporting terrorism.

    Have a fun life in your little 6×6 feet cell with daily torture – all condoned and supported by gods own nation of freedom.

  6. Davy on Wed, 24th Jun 2015 4:18 pm 

    Sorry Peak, I caught you in my sarc trap! You make a good point and a reason I would not want one even if given to me. I prefer 1/10 oz Eagles myself.

    BTW 20 years ago I spent a night in a 6×6 for drunk and disorderly conduct of which I could not remember nor did I understand why I was there when I awoke. Needless to say I will avoid such a circumstance again if at all possible!

  7. antaris on Wed, 24th Jun 2015 4:28 pm 

    How do you make change, hammer and chisel.
    I bet they would look cool, after running over them with a train!

  8. Makati1 on Wed, 24th Jun 2015 8:02 pm 

    They contain gold, and would be more widely accepted than junk metal coins from other countries. A one ounce gold coin is about the size of a US quarter. That would be worth about $1,200 today. I prefer 1/10 oz. as they are more useful and only worth about $120. Use silver to make change.

    The world logo says a lot about their ambitions, I think. No single country for them. Maybe the US should do that with their new coins…lol.

  9. BobInget on Fri, 26th Jun 2015 4:43 pm 

    The Great Debate

    Deprived of ‘checkbook diplomacy’ in Yemen and Syria, Saudi Arabia flounders
    By David Hartwell June 26, 2015
    Tags: CHECKBOOK DIPLOMACY | IRAN | SAUDI ARABIA | SYRIA | WIKILEAKS
    Houthi militant sits amidst debris from the Yemeni Football Association building, which was damaged in a Saudi-led air strike, in Sanaa
    A Houthi militant sits amidst debris from the Yemeni Football Association building, which was damaged in a Saudi-led air strike, in Sanaa May 31, 2015. REUTERS/Mohamed al-Sayaghi

    The latest series of WikiLeaks cables have once again embarrassed the Saudi government and forced it on to the diplomatic defensive. The cables, over half a million documents said to have come from the Saudi Foreign Ministry, contain titillating details about how Riyadh operates — but no smoking guns related to nuclear enrichment or other issues of global fascination.

    What these cables do show is Saudi Arabia’s overwhelming desire to prevent the public from seeing how it uses its “soft” power assets — its oil and financial largesse — to persuade strategic allies and major powers to support its foreign policy goals. Successive Saudi monarchs have relied on this indirect strategy for decades, as it has delivered domestic political stability and maintained Riyadh’s status as a major regional power. However, the recent examples of Syria and Yemen, where Riyadh has been forced to take the foreign policy lead — delivering inconclusive, confusing and unpredictable results — show that when the Saudis are forced to implement their foreign policy objectives by diplomatic or military means, they struggle to manage the fallout.

    Nevertheless, the newly released cables reinforce Saudi Arabia’s willingness to use its financial muscle to achieve its goals — an approach that could be described as “checkbook diplomacy” — and its ongoing preoccupation with attempting to push back the influence of regional rival Iran. The cables reveal the dependence of some Sunni and Christian Lebanese politicians on Saudi financial largesse, money Riyadh makes available to counter the influence of Iranian disbursements to Hezbollah and other pro-Tehran factions in Beirut. They make public an idea to pay Egypt’s Muslim Brotherhood $10 billion in exchange for a guarantee that former Egyptian President Hosni Mubarak, a former Saudi ally, would not go to prison, a plan Riyadh aborted after diplomats objected to paying what amounted to a “ransom” and the realization that the Brotherhood could not or would not offer any such guarantee against Mubarak’s imprisonment. Finally, they expose Saudi attempts to manage the potential media fallout of diplomatic efforts to persuade Russia to abandon its support for the Assad regime in Syria.

    These issues are consistent with Riyadh’s foreign policy objectives since the 2011 Arab Spring uprising. In subsequent years, Saudi monarchs have sought to contain opposition at home and ensure that countries like Egypt remain allies — while using opportunities like the conflicts in Syria and Yemen to reaffirm or expand its regional influence at the expense of Iran.

    Riyadh remains committed to both removing the Assad regime and defeating Iran. However, Saudi efforts to convince the United States and others that this goal is as urgent as defeating Islamic State, or that it will somehow contribute to the weakening of Islamic State, have found little traction.

    From the Saudi perspective, the United States and its allies have dithered enough over Syria and are unable to define exactly what they want to achieve, leaving the conflict at a stalemate. At least Riyadh can claim to be changing the dynamics of the conflict, although arguably not in a way that will allow Syria to be reconstituted and rebuilt unless Islamic State is defeated. While the Saudi approach seems to be “remove Assad first, ask questions later,” the United States, scarred by its experience in Iraq when it took a similar course of action, is wary that, once and if Assad is removed, the Saudis will leave other countries to manage the fallout.

    Likewise and perhaps even more so in Yemen, Saudi policy goals have become muddied and unpredictable. When Riyadh launched Operation Decisive Storm (since renamed Operation Restoring Hope) in March, it expected that after a short but powerful military campaign, the Houthis would surrender and the Saudi-backed President Abd Rabbuh Mansur Hadi would return to power. Yet today, the Saudi-led offensive continues and Riyadh is no closer to achieving this goal.

    The WikiLeaks cables revealed how Riyadh wants to shape the Middle East, often in a way that highlights its double standards and disagreements with allies. While this may not be viewed as controversial from a Western perspective — where cynicism and scepticism about states’ motives is built into foreign policy analysis — for a country like Saudi Arabia that is sensitive to the way its government is perceived, both internally and externally, the WikiLeaks exposures will continue to embarrass the House of Saud

  10. HalfEmpty on Sat, 27th Jun 2015 12:25 pm 

    Punch a hole, add a chain and wear as a talisman against random head choppers.

    ISIS momentous bound to be hot the Christmas. Think Cabbage Patch kids with Plastik belts.

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