Recently, ISIS began using a gold Dinar as their standard for commercial trade, denouncing the usage of paper currency printed by the crusader Federal Reserve institution.

Oil merchants were instructed in Deir El Zor to use the Dinar if they were to conduct oil purchases from ISIS-held oil plants. The Dinar is proclaimed to have a value that equals 190 US dollars.

gold coin3

gold coin 2

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HangtheDaeshbags
Master
Upvoted
Commenter
HangtheDaeshbags
2016-07-04 20:51

it’s going to hyperinflate. every nickle.

teto
teto
2016-07-04 21:24

Gold money does not inflate, only paper money does.

Thierry de France
Thierry de France
2016-07-05 06:17

If it is gold, I doubt it will hyperinflate (unless you mean it will be worth more and more printed dollars, so easily printed).

taigs
taigs
2016-07-04 20:48

Made by Armenian slave labour @leithfadel

teto
teto
2016-07-04 21:19

Right from the start it will have collectible value much more than 190$ of gold, it consists of. So, bold move. But then I think paper currency would have the same effect. Who in 30+ years from now wouldn’t want to have a sample of this money? IS is in the news everywhere, but still mostly a mystery for the western world and also is not expected to hold on for much longer, so any artifacts produced by it (there’s a sad irony about artifacts destroyed by IS) will be highly valuable.

Shro
Newbie
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Upvoted
Shro
2016-07-05 13:26
Reply to  teto

Yep i want one.

TROPASOCIALISTA
TROPASOCIALISTA
2016-07-04 21:56

hahahaha

Olsen
Olsen
2016-07-04 21:22

stolen

やぎ大将
やぎ大将
2016-07-05 05:45

@_Ninjya_ コメント欄が面白いですね、笑

Thierry de France
Thierry de France
2016-07-05 06:15

What do they use as subunit?

Quentin Bloke
Quentin Bloke
2016-07-05 08:30

Bullets, i.e. lead & brass

ErikWar19
ErikWar19
2016-07-05 12:59

gj ISIS making a head price money on every IS-city with goldcoins, easy to hide in soldier pockets….
paper money is just wayyy better for large ecomomic trade…and yes even gold coins can inflate, like oil or other recources did in the past.

compared to dollar the gold-prices rised over 550 % 2000-2011but between 2011-today it lost 10% of his falue. before brexit over 30% => many exchanged pound for gold