ISIS Planning Its Own Currency: Gold And Silver Coins

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Mark Melin
Published on
Updated on

ISIS, the Islamic state terrorist organization that now controls large swaths of Syria and Iraq, is contemplating creating its own currency, according to a report in the UK Mail. And in creating a currency, the organization known for intimidation is eschewing traditional western central bank methods, is embracing a method of currency creation that gets back to basics. They want to turn back the clock on currency to historic days, dating back to the Caliphate of Uthman in 634 CE. ISIS desire to bring back dinar Militants have expressed a desire to bring back the dinar, an ancient currency used…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.