Guardian: Reports " Isis to mint own Islamic dinar coins in gold, silver and copper..Islamic State to produce own currency for use in self-declared caliphate - as soon as it can locate a mint and enough metal "
Lets Get Real:
As the article notes this is a clever stunt, the currency will have NO value outside the areas under IS control, and will not be used in the selling of black market oil, but its value comes from its PR value, Countries have coins, they produce and run the currency, thus IS with its fiction of a State will have hard currency for its State. This will force people to use IS money and carry Euros and Dollars. As noted in previous post the NEW Iraqi Army is starting to push IS out of towns, it has retaken a oil town, thus the more Iraq can push IS out of its sites that gains money for the terrorist group the more standby money that IS has to used to pay its followers. Thus IS could bankrupt itself over the long term, that would ironic.
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