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IS Introduces Gold Currency in Iraqi, Syrian Areas It Controls

The Islamic State group has issued its own currency that would be its standard for trade transactions in areas it controls in Syria and Iraq, experts and locals in both countries reported. The “gold dinar,” a reportedly 4.25-gram, 21-carat gold coin, is aimed at replacing the Syrian pound, Iraqi dinar and U.S. dollar in the market. Oil traders have been instructed by IS to deal in the new currency while conducting business in IS-held areas, activists in Deir Ezzor, Syria,...

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