ISIS Announces New Currency | BREAKING NEWS 14 NOV 2014
- Duration: 1:47
- Updated: 14 Nov 2014
ISIS Announces New Currency
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ISIS is planning to mint its own currency in gold, silver and copper, the group said Thursday.
Its aim is to stay away from the "tyrant's financial system," ISIS said in a statement. It said it would issue another statement to explain the new currency's exchange rate, and where it can be found.
The currency will include seven coins: two gold, three silver and two copper.
The move is "purely dedicated to God" and will remove Muslims from the "global economic system that is based on satanic usury," ISIS said.
The group, which calls itself the Islamic State, has seized large swaths of territory in Iraq and Syria.
It seeks to establish an Islamic caliphate in the region.
"Unlike its predecessor al Qaeda, which raised money principally from external sources ... ISIS is principally, primarily self-funded," Jimmy Gurule, a former U.S. Treasury undersecretary, told CNN's "The Lead with Jake Tapper" on Thursday.
He said its funding comes from oil, ransom payments, taxes and the sale of stolen artifacts.
"This is the wealthiest terrorist organization that the world has ever known, and so with that kind of money it's hard to understand -- what's the potential? What could they do with that?" Gurule said.
He added: "The difficulty, of course, with that kind of money is you can't just put that money in shoe boxes and place it under your mattress. It has to enter into the financial system at some point in time. So I think the Treasury needs to be focusing on banks -- banks in Qatar for example, and in Kuwait -- that may be the recipients and handling money for ISIS."
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http://wn.com/ISIS_Announces_New_Currency_|_BREAKING_NEWS_14_NOV_2014
ISIS Announces New Currency
For more Latest and Breaking News Headlines
SUBSCRIBE to https://www.youtube.com/user/24X7BreakingNEWS
ISIS is planning to mint its own currency in gold, silver and copper, the group said Thursday.
Its aim is to stay away from the "tyrant's financial system," ISIS said in a statement. It said it would issue another statement to explain the new currency's exchange rate, and where it can be found.
The currency will include seven coins: two gold, three silver and two copper.
The move is "purely dedicated to God" and will remove Muslims from the "global economic system that is based on satanic usury," ISIS said.
The group, which calls itself the Islamic State, has seized large swaths of territory in Iraq and Syria.
It seeks to establish an Islamic caliphate in the region.
"Unlike its predecessor al Qaeda, which raised money principally from external sources ... ISIS is principally, primarily self-funded," Jimmy Gurule, a former U.S. Treasury undersecretary, told CNN's "The Lead with Jake Tapper" on Thursday.
He said its funding comes from oil, ransom payments, taxes and the sale of stolen artifacts.
"This is the wealthiest terrorist organization that the world has ever known, and so with that kind of money it's hard to understand -- what's the potential? What could they do with that?" Gurule said.
He added: "The difficulty, of course, with that kind of money is you can't just put that money in shoe boxes and place it under your mattress. It has to enter into the financial system at some point in time. So I think the Treasury needs to be focusing on banks -- banks in Qatar for example, and in Kuwait -- that may be the recipients and handling money for ISIS."
TAGS:
abc news, news24, cnn news, nbc news, breaking news, daily news, latest news, bbcnews, new, world news, egypt, news 24, israel news, local news, news today, channel 7 news, current events, india news, cnn live, news headlines, newspaper, business news, live news, sports news, reuters news, the news, today news, egypt news, sport news, uk news, headline news, news paper, star news, todays news, cnn breaking news, cnn international, cnnnews, japan news, fox news live, international news, libya news, top news, cnn news live, news live, world news today, yeshiva world news, cnn headline news, japan today, latest news india, world news now, yeshiva world news, cnn headline news, japan today, latest news india, world news now, canada news, news update, online news, abc world news, breaking news english, financial news, it news, nation news, news articles, news online, recent news, reddit world news, india news today, latest world news, canadian news, dutch news, political news, education news, interesting news, latest news headlines, news headlines today, world news headlines, worldnews, bahrain news, live news stream, market news, news of the day, news world, top news today, cnn latest news, italian news, latest breaking news, latest news in india, news for today, news websites, todays news headlines, british news, government news, japanese news, new news, news international, news updates, world football news, world news daily, world news tonight, world newspapers, zambia news, budget news, caribbean news, cnn news today, current events in the world, england news, europe news, latest news in kenya, live news online, news around the world, news week, short news, streaming news, weekly world news, world boxing news, breaking world news, european news, internet news, libia news, news japan, news latest, nhk world news, sweden news, the latest news, world breaking news
- published: 14 Nov 2014
- views: 23