The Islamic State has announced that they will start minting gold, silver and copper coins for its own currency.
The New Islamic State currency based on the original dinar coins used during the Caliphate of Uthman in 634 CE, will include seven minted coins: two gold, three silver and two copper.
A website related to the group has posted an order by the Islamic State leader Abu Bakr al-Baghdadi instructed his followers to mint the coins to "change the tyrannical monetary system" modelled on Western economies that "enslaved Muslims."
The order was approved by the Islamic State group's Shura Council, an advisory board, according to the website.
We are not sure if the news is real or fake but the website has been used for the group posting before.
A prototype designs for the coins has also been released with the same design for the coin obverse with inscription "The Islamic State / A Caliphate Based on the Doctrine of the Prophet."
On one of the gold coins with be a symbol of seven wheat stalks and on the other a world map.
The silver coin had three different denominations: one symbolised with a spear and shield, another with a white minaret of Damascus and a third with the al-Aqsa mosque.
For the copper currency, one coin has a crescent while another more valuable coin has a palm tree.
There is no information about the coin technical specifications so far. The gold will have 1 and 5 dinars denomination. The silver coins, 1, 5 and 10 Dirhams. The copper coins, 10 fils and 20 fils. The exchange rate will be US$159 for 1 Dinar, US$1 for 1 Dirham and 6 cents for 10 fils.
Will you keep the Islamic State coins in your collection if they successfully mint them?
