The dinar of the “Islamic State” is the currency of the Islamic State grouping, introduced on the territory of the unrecognized state proclaimed by it. The Islamic dinar is based on the concept of an Islamic gold dinar containing 4.25 grams of gold . In parallel with the dinar, a silver dirham , equivalent to 2 grams of silver, and a copper fils were issued .
| Dinar of the Islamic State | |
|---|---|
الدينار الدولة الإسلامية (ar.) | |
| Territory of circulation | |
 Islamic state | |
| Derivative and parallel units | |
| Fractional | Dirham (floating rate) |
| Phils | |
| Coins and banknotes in circulation | |
| Coins | 1 and 5 dinars 1, 5 and 10 dirhams 10 and 20 fils |
| Banknotes | not available |
| Issue and production of coins and banknotes | |
| Emission Center (Regulator) | Islamic Finance House Office |
| Mint | Underground Mint in Gaziantep |
Content
History
The Islamic State announced plans to create its own currency on November 13, 2014 [1] . The planned design of coins made of gold, silver and copper was published [2] . On June 24, 2015, the previously announced coins in dinars were announced [3] [4] . It was planned to launch the currency in circulation in the near future. The planned exchange rate for this dinar was approximately $ 139 [1] [3] [4] [5] . Experts considered two goals of the appearance of such a currency: propaganda and the desire to give IS another attribute of statehood [6] . According to statements by key figures of the Islamic State, this will allow the state not to depend on the “financial system imposed on Muslims from the west” [3] . The issue of the coin was dedicated to the documentary “ The Rise of the Caliphate and the Return of the Golden Dinar ” [7] .
At the end of 2015, the Turkish police stopped the activity of an underground mint in Gaziantep , minting coins in IG dinars [8] .
In the controlled territories in Syria , IG officials prohibited the circulation of the Syrian currency , instead introduced the circulation of dirhams and fuluses. According to local residents, if pounds were found from someone, they were seized or destroyed, and in return they were given several fils or dirhams [9] .
Coins and Banknotes
In 2015, the IG Treasury announced the minting of gold (1 and 5 dinars) , silver and copper coins [3] , their images (both projects [3] and finished coins [10] ) immediately appeared on the network.
Coins
| Face value | Metal | Diameter (mm) | Thickness (mm) | Weight (g) | Hert | Obverse | Reverse | Circulation | Mint |
|---|---|---|---|---|---|---|---|---|---|
| 10 fils | copper | 29th | 3 | ten | issuer, mass of pure metal in coin, face value (inscription) | crescent , face value (number), year of minting | n / a | underground mint in Gaziantep | |
| 20 fils | copper | 37 | 2.6 | 20 | issuer, mass of pure metal in coin, face value (inscription) | three palm trees, face value (number), year of minting | n / a | underground mint in Gaziantep | |
| 1 dirham | silver | 18 | one | 2 | ribbed | issuer, mass of pure metal in coin, face value (inscription) | spear and shield , face value (number), year of minting | n / a | underground mint in Gaziantep |
| 5 dirhams | silver | 26 | 2,3 | ten | ribbed | issuer, mass of pure metal in coin, face value (inscription) | Damask white lighthouse, face value (number), year of minting | n / a | underground mint in Gaziantep |
| 10 dirhams | silver | 38 | 2,4 | 20 | ribbed | issuer, mass of pure metal in coin, face value (inscription) | Al-Aqsa Mosque , face value (figure), year of minting | n / a | underground mint in Gaziantep |
| 1 dinar | gold -875 | nineteen | 1.15 | 4.25 | ribbed | issuer, coin weight, metal fineness, face value (inscription) | 7 ears, face value (figure), year of minting | n / a | underground mint in Gaziantep |
| 5 dinars | gold-875 | 29th | 2,3 | 21.25 | ribbed | issuer, coin weight, metal fineness, face value (inscription) | world map , face value (number), year of minting | n / a | underground mint in Gaziantep |
Banknotes
As of June 2016, no statements were made on the printing of banknotes in gold dinars by IG officials. Some experts acknowledge the issue of paper money in this situation as inappropriate [11] ; moreover, the issuance of banknotes diverges from the concept of the golden dinar [6] .
Notes
- ↑ 1 2 Jambu J. DAECH: la monnaie comme arme (Fr.) // Bulletin Numismatique. - 2016 .-- Avril ( n o 152 ). - P. 26-30.
- ↑ Youssef M. Islamic State Plans To Start Minting Its Own Currency . Cairo: The World Post (November 14, 2014). Date of treatment June 27, 2016. Archived November 15, 2014.
- ↑ 1 2 3 4 5 Enzor J .. Islamic State announces its own currency (English) , Daily Telegraph (November 14, 2014). Archived February 2, 2015. Date of treatment June 27, 2016.
- ↑ 1 2 ISIS set about minting its own gold coins . News Economy (June 24, 2015). Date of treatment June 27, 2016. Archived June 24, 2015.
- ↑ Members of the “Islamic State” created a new currency . White collar (June 24, 2015). Date of treatment June 27, 2016. Archived June 25, 2015.
- ↑ 1 2 Golden Dinar of the IG - the logical development of Islamic financial thought . Date of treatment June 27, 2016. Archived July 24, 2015.
- ↑ Isis shows off currency with gold dinar coins worth £ 91 each - in quest for 'world domination' (Eng.) , Independent (August 31, 2015). Date of treatment October 8, 2017.
- ↑ In Turkish Gaziantep they discovered the “mint” of the IG , EurAsia Daily (October 9, 2015). Archived on October 10, 2015. Date of treatment June 27, 2016.
- ↑ Deir ez-Zor. Caliphate exodus on YouTube starting at 36:00 ANNA-news , October 7, 2017
- ↑ Islamic State mints its own currency (English) (24 June 2015). Date of treatment June 27, 2016. Archived on September 17, 2015.
- ↑ The Islamic state has returned to the gold standard . Theodosia Museum of Money (November 15, 2014). Date of treatment June 27, 2016. Archived on September 17, 2015.