Mosul: ISIS launched its own gold currency (gold dinar) into the city markets in Iraq
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- Islamic State ISIS is an Islamic extremist terrorist organization controlling territory in Iraq...[+]
In the Iraqi city of Mosul is disclosed that ISIS has begun pumping its gold currency into the city’s markets. The 21-carat “gold dinar” weighs 25.4 grams and its exchange rate is $140, equivalent to 187,000 Iraqi dinars.
The source reported that the terrorist group, which initially announced the introduction of its gold currency about a year ago, seeks to monopolize transactions using this currency, gradually replacing the Iraqi dinar and the American dollar.
The source added that “the Islamic State has introduced the new currency in major markets in Mosul, especially Bab Sinjar Al Borsa market and Bab Al Sarai.”