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ISIS group says it'll mint its own coins

14 November 2014, 14:26

Cairo - The Islamic State group says 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 says the order was approved by the group's Shura Council, an advisory board.

After seizing large swaths of Iraqi and Syrian territory earlier this year, the Islamic State group proclaimed a caliphate, or Islamic empire, on lands under its control.

The group has also sought to implement its harsh interpretation of Islamic law, or Sharia, and al-Baghdadi has proclaimed himself the caliph.

- AP

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