BLOOMBERG: This is how monetary policy works in the Islamic State group

Islamic State group

Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics.

Odd Lots is breaking bad. In our first ever series, we look into the intersection of money, markets and crime.

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The Islamic State is mostly discussed in terms of its threat to the safety and security of the world.

But as a geopolitical entity, its leadership has to deal with mundane considerations such as operating a financial system.

So how does it work? We speak with Graeme Wood, the author of a new book about ISIS, about the monetary system and how it fits into ISIS ideology.

We also discuss how ISIS uses the internet to promote its ideology and to recruit.