Posted on 11/16/2014 3:06:03 AM PST by jmcenanly
ALEPPO, Syria, Nov. 13 (UPI) -- Here's what every caliphate apparently needs: its own money, so Islamic State leaders plan to mint their own gold, silver and copper coins. The decision aims to remove Muslims from the "tyrant's financial system" and a global monetary operation "based on satanic usury," said a statement by the Islamic State's Beit al Mal, or treasury, and posted on websites used by jihadist movements.
The exchange rate of the new currency — which will consist of seven coins — and where it can be found will be spelled out in a future statement.
Unlike many other radical movements, which often rely on financing from the outside, the Islamic State is largely self-funded, raising money from oil, ransom, taxes, stolen artifact sales and thefts from banks and jewelry stores.
(Excerpt) Read more at upi.com ...
Do you think they are starting to spread themselves too thin?
For all the support they’ve provided to the IS, John McCain and Lindsey Graham should be “honored” by placing their images on the Islamic State coins.
As others have said, none of the ISIS coins will ever come up “heads”.
CC
Call it. Beheads or tails.....
Part of sharia law that has already infultrated our finanacial system
Will they have enough gold, silver and copper to supply the needs of a country?
...a global monetary operation "based on satanic usury,"...Usurers running the global banking system -- gosh, I wonder who they're talking about? And I wonder what their FR nicks are?
“Part of sharia law that has already infultrated our finanacial system”
Sharia forbids charging or paying interest.
Is it just a coincidence that a “zero-interest-rate” policy has been implemented by the Federal Reserve in recent years?
They control territory with 12 million people, more than Israel. The Kurds now estimate the have close to 200,000 men under arms.
Well when ya sniff another guys butt 5x a day your whole life, what do ya expect?
seven coins, seven seals
Hadn't thought of that....
Heads you lose.
Hard currency. we shall see how long that last. Very few governments can resist fiat money. If they can stick to it it will help them succeed, not that it is a desirable outcome,
“The Kurds now estimate the have close to 200,000 men under arms.”.....
That’s 1/3 of the number of Wisconsin deer hunters, the only difference is we hunt DEER heads not human heads.
“The Kurds now estimate the have close to 200,000 men under arms.”.....
That’s 1/3 of the number of Wisconsin deer hunters, the only difference is we hunt DEER heads not human heads.
these coins will be real collectables! Not a bad idea really—Gold is universally accepted as a medium of exchange-—Something paper money isn’t. It brings its own value and helps them gain repect as a nation. A giant leap backwards. Do the Kurds have their own money? Maybe they should.
At least they’re minting the coin in gold, silver and copper...and not printing-press slips of paper.
That was my first thought. I don't suspect we'll see very many here.
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