World

IS may introduce own currency

The Islamic State (IS) terrorist organisation plans to introduce its own currency and bring back solid gold and silver coins, according to media reports. The militants want to bring back the original dinar, which is a currency from the ancient Islamic era, and religious authorities in Iraq have apparently announced the currency’s return in mosques, the Daily Mail reported Monday.

The original dinar was a gold coin, equal in weight to 4.3 gm of gold. Its silver counterpart, known as the dirham, was a silver coin whose weight was equivalent to 3 gm of silver.

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Printable version | Apr 14, 2021 5:19:04 PM | https://www.thehindu.com/news/international/world/is-may-introduce-own-currency/article6587781.ece

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