ISIS declares the US dollar as its official currency

ISIS declares the US dollar as its official currency

ISIS may threaten violence against the United States and aim to rid the Islamic world of U.S. influence and U.S.-backed regimes, but if you want to do business in the group’s ersatz caliphate, you’d better have money backed by the full faith and credit of the U.S. government.

The AP reports :

Within the last two weeks, the extremist group started accepting only dollars for “tax” payments, water and electric bills, according to the Raqqa activist, who asked to be identified by his nom de guerre Abu Ahmad for his safety. “Everything is paid in dollars,” he said.

Plenty of countries around the world use the dollar either exclusively or accept it in addition to a local currency. Given the other fruits of Western capitalism, from Toyota trucks to Twitter, that ISIS has put to its own uses, perhaps it shouldn’t be so surprising that the group relies on the greenback.

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