Tags: ISIS/Islamic State | Middle East | mint | currency

ISIS Reveals Plans to Mint Currency

By    |   Thursday, 13 November 2014 10:53 PM

The Islamic State (ISIS) announced Thursday it plans to release a new currency made of gold, silver, and copper.

According to several news outlets, including the International Business Times, the terror group made the announcement this week.

The Times cited a translation from the Site Intelligence Group, which monitors online terrorist activity.

The new currency will free ISIS from the "tyrannical monetary system that was imposed on the Muslims and was a reason for their enslavement and impoverishment, and the wasting the fortunes of the Ummah [the community of Muslims worldwide], making it easy prey in the hands of the Jews and Crusaders," according to the translation.

The money system will contain seven coins, reports Mashable: two made of gold, three made of silver, and two made of copper.

The terror group earns a reported $1 million a day by selling oil from fields it has taken control of in Syria and Iraq. The group also stole about $425 million from a bank in Mosul, Iraq.

An international coalition that includes the United States has been conducting airstrikes on ISIS fighters and strongholds since August.

Army Gen. Martin Dempsey, the chairman of the Joint Chiefs of Staff, told Congress Thursday the U.S. military may use ground troops to help Iraqi forces retake Mosul. Thus far, President Barack Obama has been adamantly opposed to anything but airstrikes.

"I'm not predicting at this point that I would recommend that those forces in Mosul and along the border would need to be accompanied by U.S. forces, but we're certainly considering it," Dempsey said.

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The Islamic State (ISIS) announced Thursday it plans to release a new currency made of gold, silver, and copper.
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2014-53-13
Thursday, 13 November 2014 10:53 PM
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