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Islamic State orders shops to use its currency after its successive defeats

Islamic State orders shops to use its currency after its successive defeats
The Islamic State currency (5 Dirhams category).

Raqqa (Syria News) The Islamic State group ordered merchants and traders to start using the group’s currency, while set the value of the IS Dirham at 1,000 Syrian pounds ($ 1.80), in order to impose its monetary policy despite its successive defeats, Alsumaria News reported on Wednesday.

The Islamic State issued the order through a voice message, forbidding the exchange of Syrian currency of the 1,000 and 50 pounds category in the IS-held areas starting the 25th of July. However, it did not mention the ban of the Syrian 500 pounds currency.

It is noteworthy, radical Islamic State group has lost territory in Syria and Iraq, and is now besieged inside its de-facto capital, Raqqa. Meanwhile, Syrian forces, backed by US troops, are continuing their assault to retake the city of Raqqa.

Furthermore, it is believed that the Islamic State has transferred its elite leaders to the city of Mayadin, located southeast of Raqqa, near Iraqi borders in Deir Ezzor Province.

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