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Islamic State announces its own currency Islamic dinar

Islamic State leader Abu Bakr al-Baghdadi

Islamic State leader Abu Bakr al-Baghdadi   | Photo Credit: Uncredited

The Islamic State group said its leader has ordered that the organisation start minting gold, silver and copper coins for its own currency the Islamic dinar.

A website affiliated with the militant group said late on Thursday that its leader, Abu Bakr al-Baghdadi, has instructed his followers to start minting the coins to “change the tyrannical monetary system” modelled on Western economies that “enslaved Muslims.”

The posting said the order was approved by the group’s Shura Council, an advisory board.

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Printable version | Apr 11, 2020 12:19:17 AM | https://www.thehindu.com/news/international/world/islamic-state-announces-its-own-currency-islamic-dinar/article6599139.ece

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