SouthFront — ISIS Imposes Own Currency In Controlled Areas
In early May, ISIS forced traders to use its currency in the areas controlled by the terrorist group, especially in Raqqa and Deir Ezzor.…
Each silver dirham equals 100 fils of copper, and each gold dinar equals 85 silver dirhams. According to ISIS, the value of currencies determined by its “Monetary Authority”.
ISIS is trying to promote its currency by claiming that it has “real value unlike paper currencies.” ISIS also claimed that its currency maintains its value during wars and crises becauseit is made of valuable metals.…
ISIS currency carries the value of the metals it’s made of. However, its exchange rate is manipulated and does not reflect the true value of these metals. In addition, ISIS is the one who determines the exchange rates, thus making this currency one of the biggest financial scams in the current decade....
3 comments:
Column 11 finding a new sponsor...
Maybe all the libertarians are going to be attracted to this...
Sounds like Peter Schiff has been their economic advisor.
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