More Information Coming Into Focus- Babylon, ISIS and the Iraqi Dinar- August 27, 2014
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“And upon her forehead was a name written, MYSTERY, BABYLON THE GREAT, THE MOTHER OF HARLOTS AND ABOMINATIONS OF THE EARTH. (Revelation 17:5)
These next verses are very important for understanding what is going to take place in the near future. I quote from Daniel 2:34-35. “Thou sawest till that a stone was cut out without hands, which smote the image upon his feet that were of iron and clay, and brake them to pieces. Then was the iron, the clay, the brass, the silver, and the gold, broken to pieces together, and became like the chaff of the summer threshing floors; and the wind carried them away, that no place was found for them: and the stone that smote the image became a great mountain, and filled the whole earth.” God has informed us that in the last days the stone that is Jesus Christ is going to crush all these kingdoms all at the same time. What is the mountain in this Scripture? It is the kingdom of God.
Now notice something of great importance. What does it mean that the stone, which is Christ Jesus, hits the image at the feet in the end times so they are all crushed or broken up at the same time? That means the ancient Babylonian Empire must come back as a power again in the Middle East just before Jesus comes back the second time. As you can see by the current events going on in Iraq, which is the modern day name for Babylon, Iraq is currently in the process of returning as a power again. Unfortunately, it seems to be through ISIS.
If Babylon in Revelation is Iraq of the Old Testament then it only stands to reason that Babylon (Babel) will be the center of commerce- that means the Dinar.
Iraq wants to trade in the local currency instead of US dollars or in any other currency of the world. The adoption of local currency in the commercial transactions will enhance the economy of Iraq. Last year Iraq and India agreed on the trade with local currencies. It was the best way to reduce the monopoly of US dollar in the international market. But due to some undefined reasons the agreement could not be performed (the reason being the weakness of the Iraqi Dinar, until they complete backing it with gold). The International Monetary Fund (IMF) has stated that Iraq has added 36 tons of gold bullion to its reserves. This has a value of 1.5 billion dollars. The Central Bank of Iraq (CBI) is purchasing large amounts of gold to back the Iraqi dinar currency. The CBI is doing what other countries around the world have done in the past. It is apparent that countries are moving away from the U.S. dollar.
There are 9 Islamic countries currently using the DINAR. Yes, it is ALL the dinar…they are called by the countries name, but it is all dinars.
Next to each country you will see the current day’s exchange rate- which is how money is valued daily. So for example, Algeria: if you went there with $1 US you would get 80.19 Algerian dinars. The same in reverse. An Algerian comes to the US with 100 dinars…he would get about $1.25 US.
Algeria 80.19
Bahrain .38
Iraq 1163.
Jordan (includes Palestinians in Gaza) .71
Kuwait .28
Libya 1.23
Macedonia 46.37
Serbia 85.30
Tunisia 1.73
***The highlighted ones are obviously players in the upcoming Psalm & Ezekiel Wars.
Now in regard to Revelation 6:6
“And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine” (KJV)
“And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.”(NKJV)
The word “dinar” in English is the transliteration of the Arabic دينار (dīnār), which in turn was borrowed from the Greek δηνάριον (dénarion), itself from the Latin dēnārius
Now here’s where it gets interesting:
Islamic countries have been lobbying for years for ALL their countries to go to the GOLD DINAR. Not back their countries dinars with gold, but switch to one currency called the Gold Dinar. Gadhafi was calling for this very thing before he was killed. The modern Islamic gold dinar is a currency that aims to revive the historical gold dinar which was a leading coin of early Islam. They consist of minted gold coins, Dinar, and silver coins, Dirham. There is a long and creditable history of discussion in the financial journals about the growing movement for all Muslim countries to unite under one currency, the gold dinar and about how devastating any change in the official currency for the price of oil from $US even to $EU would be for the U.S. economy and for its place in world. A switch from $US to gold dinar for the pricing of oil could literally bring the entire world banking system to its knees and knock the US out of the box.
Think of what ISIS is trying to do…go back to the Ottoman Caliphate. The Islamic gold dinar was the monetary standard of Shari’ah throughout Islamic history till the fall of the Ottoman Caliphate in 1924.
Here’s something to chill the blood from a Caliphate website:
(begin quote) The Caliphate’s currency is based on the gold and silver standards where the coins and notes in circulation are 100% backed by gold and silver. Islam did not leave any question unanswered, especially questions concerning the complexities of economic life. The Shari’ah has therefore defined the Islamic currency as gold dinars and silver dirhams along with their corresponding weights in gold or silver. The Shari’ah rules related to money such as zakat, blood money (diyah) and hoarding all specify values in gold and silver. Unlike the paper standard operating in the world today, the Bait ul-Mal (State Treasury) is not allowed to print any money unless it has the corresponding amounts of gold and silver in its reserves. This means the persistent inflation found in the world today would not exist in the Caliphate as the currency always keeps its value. When the future Caliphate is established it will take some time before the old currency notes and coins in circulation e.g. Pakistani PKR’s or Indonesian IDR’s, can be completely abolished and replaced with minted dinars and dirhams. This is not a problem as long as the Caliphate from day one makes the PKR or IDR 100% backed by gold or silver. A simplified example of how this would work is as follows. The Caliphate calculates the total value of its gold and silver reserves and then fixes their value to the total amount of PKR’s or IDR’s in circulation as best it can. Depending on its reserves it may decide to link the existing currency in circulation to silver and then issue a separate currency for gold. Since Allah (swt) has blessed the Muslim Ummah with an abundance of wealth and natural resources increasing the gold and silver reserves of the state is not a problem. The Caliphate will immediately price all sales of oil, gas and other resources in gold and silver and therefore break the link between these resources and the dollar. The international money markets would be forced to deal in gold dinars and silver dirhams since the west’s addiction to oil will continue for many years to come. According to Islamic Law the Islamic Dinar is a specific weight of 22k gold (917.) equivalent to 4.25 grams. The Islamic Dirham is a specific weight of pure silver equivalent to 3.0 grams. (end of quote)
Interestingly at the time of writing crude oil price is $93.38. According to pricing today of 1 Gold Dinar, it cost 561.90 RM (Malaysian Ringgits) which is about $178 US. So to put it simply….1 Gold Dinar would cost me $178. So I could buy a barrel of oil with a little left over. BUT…the Lord told us in Matthew 20 & Revelation 6:6 that we would work all day for a small meal. Going strictly by the Bible, I could get a quart of wheat and 3 quarts of barley for $356. US. So let’s say 1 quart of wheat equals about 32 oz or 2 cups of flour. That would make about ½ a loaf of bread all for the incredibly low price of $178. $4 US a loaf doesn’t look so bad :/
By the way: On June 12, ISIS robbed a central bank in Mosul. They stole 500 BILLION Iraqi dinars.
An interesting consideration here: how many Iraqi dinars are outside Iraq? In section 32 of Iraq’s currency laws it states that it is illegal to export their currency outside the country, a law they never enforce. But…if ISIS takes over…and upholds this law they will only honor dinars INSIDE Iraq. What happens to the dinar then?
http://www.iraqidinar123.com/trade-local-currency-will-enhance-economy-iraq/
http://www.zerohedge.com/news/2014-03-25/iraq-buys-massive-36-tonnes-gold-march
http://en.m.wikipedia.org/wiki/Dinar
http://en.m.wikipedia.org/wiki/Modern_gold_dinar
http://www.ahamedkameel.com/islamic-gold-dinar-the-historical-standard/
http://www.ted.com/conversations/2497/the_gold_dinar_threat_to_val.html
http://www.caliphate.eu/2008/07/currency-of-caliphate.html?m=1
http://www.islamicmint.com/dinar_dirham/
https://www.nubex.my/index.php/1-dinar-gold-917-4-25g-cond-a.html
http://en.wikipedia.org/wiki/Modern_gold_dinar#Value_and_denomination
http://iraqcurrencywatch.wordpress.com/tag/isis/
