Modern Dinar Vision

As Far As Your Eyes Can See

The Islamic country can also create their own common currency. This should not belong to any country because it would give undue advantage to the country whose currency is accepted as the trading currency of the Islamic nationsRecently there was a proposal to create a gold dinar which can have specific value in the currencies of different Islamic countries. All the Islamic countries must have a share in the international Islamic dinar as a trade currency and as national reserves. The dinar must be in gold and not paper. How practical this will have to be dealt with later when the volume of trade becomes bigEffectively the use of the Islamic dinar will create an Islamic trading bloc. Such a trading bloc will be a powerful voice in International trading regimes and the shaping of the new financial architecture"Malaysia Prime Minister, 25 June 2001