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Islamic State wants to create its own currency

From latimes.com

Money might be the root of all evil, but that’s a risk the Islamic State seems willing to take. In a bid to shed the "tyrannical monetary system that was imposed upon the Muslims" and avoid becoming “easy prey for the Jews and Crusaders," the militant group has decided to create a new currency, according to a statement released Thursday by the Financial Diwan [Office] of the Islamic State. The plan for the currency, which is to be based on the "inherent value" of gold, silver and copper, came at the behest of Caliph Ibrahim, head of the Islamic State and better known by his nom de guerre, Abu Bakr Baghdadi, according ... (full story)

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