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Currency of the Caliphate

The Islamic State has two currencies operating together called the gold and silver standards. Although the practical money used by the people in day to day transactions will be notes, coins and debit cards, it will be 100% backed by either gold or silver. This has the benefit of bringing economic stability to domestic and international trade as well as minimising currency speculation. Operating two currencies at once will balance out any dramatic changes in the value of either gold or silver.

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Economy

Today's World Currency - The Fiat Standard

Tomorrow's World Currency - The Gold Standard