Money might be the root of all evil, but that’s a risk Islamic State seems willing to take.
In a bid to shed the "tyrannical monetary system that was imposed upon the Muslims" and avoid becoming “easy prey for the Jews and Crusaders," the militant group has decided to create a new currency, according to a statement released Thursday by the Financial Diwan [Office] of the Islamic State.
In its de facto capital of Raqqah in northeastern Syria, the Al Qaeda breakaway group has organized civil services, ministries and even a Saudi-style morality police to ensure that citizens abide by its draconian interpretation of sharia, or Islamic law. Punishments include amputations, beheadings and crucifixions.
Since its blitz expansion into Iraq in June, Islamic State has ramped up its state-building activities. Activists have reported that the group intends to issue passports for its “citizens.”
The dinars, dirhams, and fils making up the new currency's "categories" will come in denominations of 1, 5, and 10, according to the group’s statement.
Read more: Islamic State wants to create its own currency - LA Times
In a bid to shed the "tyrannical monetary system that was imposed upon the Muslims" and avoid becoming “easy prey for the Jews and Crusaders," the militant group has decided to create a new currency, according to a statement released Thursday by the Financial Diwan [Office] of the Islamic State.
In its de facto capital of Raqqah in northeastern Syria, the Al Qaeda breakaway group has organized civil services, ministries and even a Saudi-style morality police to ensure that citizens abide by its draconian interpretation of sharia, or Islamic law. Punishments include amputations, beheadings and crucifixions.
Since its blitz expansion into Iraq in June, Islamic State has ramped up its state-building activities. Activists have reported that the group intends to issue passports for its “citizens.”
The dinars, dirhams, and fils making up the new currency's "categories" will come in denominations of 1, 5, and 10, according to the group’s statement.
Read more: Islamic State wants to create its own currency - LA Times
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