As quoted by Newsweek magazine, the SITE Intelligence Group is reporting that the Islamic State has established a new currency made up of gold, silver and copper coinage.
The new currency is designed to “remove Muslims from the ‘satanic usury-based global economic system.'”
Here is the Islamic State’s statement on the new currency:
Based on the directive of the Emir of the Believers in the Islamic State, Caliph Ibrahim, may Allah preserve him, to mint current for the Islamic State, as it is far removed from the tyrannical monetary system that was imposed on the Muslims and was a reason for their enslavement and impoverishment, and the wasting the fortunes of the Ummah, making it easy prey in the hands of the Jews and Crusaders, the Treasury Department studied the matter and presented a comprehensive project, by the grace of Allah, to mint a currency based on the inherent value of the metals gold and silver.