Tag: gold

ISIS Minting Coins, Claiming They Will Undermine The Economies Of Enemies

By Darren Smith, Weekend Contributor

isis-gold-dinarThough as further evidence ISIS is establishing a form of structuralized government, ISIS claims it will undermine Western currency markets with its minted bullion coins. It is using such to establish internal payments and as a hard currency to fund its black marketeering in illegal trade items. Since ISIS lacks a recognized currency, gold provides an intrinsic value in trade in foreign commerce.

However its reliance on bullion coinage can also make it vulnerable to economic countermeasures.
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