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Iraq: ISIS features 21carat gold dinar domination

A video released by ISIS entitled ‘The Rise of the Khilafah and the Return of the Gold Dinar’ featured the group’s much talked about gold dinar that it claims will end the superiority of the American monetary system on the world and also cleanse the world of corruption. Since November 2014, ISIS has been claiming […]

Peter Mulvany reports for Middle East Confidential:

A video released by ISIS entitled ‘The Rise of the Khilafah and the Return of the Gold Dinar’ featured the group’s much talked about gold dinar that it claims will end the superiority of the American monetary system on the world and also cleanse the world of corruption.

Since November 2014, ISIS has been claiming that it will mint its own currency as it continues to aspire to expand the territories under the Islamic State. The hour long video boasted about the potentials of the gold dinar together with smaller denominations of silver dirhams and copper fulus as it showed video footage of ISIS armed militants and shop owners having a glance of the dinar and admiring it. The purity of the gold dinar is said to be 21carat thereby making it equivalent to $139.