Search This Blog

Tuesday, November 11, 2014

Islamic State militants plan to set up their own currency


The Islamic State (IS) extremist leaders decided to introduce their own currency – dinar – and mint coinage from pure gold and silver like in early Islam.
New coins will be put into circulation in the next few weeks in territories in Syria and Iraq under IS control.

As a model the extremists chose round coins put in circulation in 630 at Uthman’s Caliphate times. There was a stamp with an Islamic inscription on the one side of the coin and a date and the ruler’s name on the other. A golden coin was called Islamic dinar and weighed about 4.3 grams. A silver one – an Islamic dirham – was about 3 g.

Islamic State militants in Syria's Kobani

The ambitious plans to create new currency are based, as mass media report, upon the revenues from sales of oil extracted from oilfields captured by the IS units, and also upon income from other criminal acts like racketeering, bank robberies and ransoms paid in cases of kidnapping.

The annual revenue from illegal oil sales only comprises about $ 2 million, according to experts. The oil prices in IS range from $25 to $50 per barrel and the extremists sell almost 30,000 barrels a day. A region between Syria and Iraq under IS control has become a black market for oil sales.



1915 Armenian Genocide 21st-century Christian martyrs‎ africa al assad Al Qaeda albania anti-Morsi protests Apostles Arab Christian Arab-Orthodox Archimandrite Tikhon Shevkunov army Asia Australia bank BBC Belarusian Orthodox Church Bethlehem bible Bible movies bible translations bulgaria Bulgarian Orthodox Church Byzantine byzantine music C.I.A. Cairo China Christian Armenians christianity christians christmas Christmas Traditions Christmas tree church Conspiracy Constantinople coptic church copts cyprus daily news Documentary Easter economy Ecumenical Patriarch Ecumenical Patriarch Bartholomew I Ecumenical Patriarchate of Constantinople egypt egypt pope elder Elder Ephraim of Vatopaidi elder joseph of vatopaidi elder Paisios Elder Porphyrios english subtitles Epiphany europe food Fr Seraphim Rose france FREE books FREE Greetings Cards fyrmacedonia Georgian Orthodox Church germany greece greek greek food greek music Greek Orthodox Church Greek Orthodox Easter greek orthodoxy health and medicine Holy Fathers Holy Scripture Holy Tradition icon Internet Interview iran islam islamist israel Italy jerusalem Jesus Christ jews jihad killed libya mafia Middle East Miraculous Icon monastery money mother of god mount athos Mount Sinai Movie Trailers music muslim muslims news orthodox church Orthodox Church in America pakistan Palestine patristic tradition photo photos picture politics pope Prophecy protests quotes recipes religion romania romanian orthodox church Russia Russian Orthodox Church saint Saints science Shroud of Turin Son of God spy St Nicholas of Myra syria The Mount Athos Food Evolution theotokos travel turkey tv UK Ukraine Ukrainian Orthodox Church usa Vatican vatopaidi video war Watch FREE full movie world
Related Posts Plugin for WordPress, Blogger...