July 13, 2026 09:52 am (IST)
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ISIS declares to start own currency
Cairo, Nov 14 (IBNS): The Islamic State in Iraq and Levante (ISIL), which is also known as ISIS has revealed plans to start its own currency, media reported.
According to reports, the group said that its leader has ordered that the organization 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.
The post said, "change the tyrannical monetary system" modelled on Western economies that "enslaved Muslims."
It has been learnt that the order was approved by the group's Shura Council, an advisory board.
Reports added that the group has also sought to implement its harsh interpretation of Islamic law, or Sharia, and al-Baghdadi has proclaimed himself the caliph.
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