Malaysia - Kelantan authorizes Dinar Gold as official currency
16-08-2010 golden marketThe Malay state of Kelantan (Malaysia) has returned officially to the currency I pray on having minted dinars of gold and dírhams of silver for his use as alternative to the tickets of ríngit expressed by the Central Bank.
The local government of of Kelantan has indicated that he will promote the use as money of these Islamic coins in the commerce and in the administration, in which it will be possible to use to pay wages to those who request it.
More than 1.000 commerce exists already in Kelantan that have been assigned and accept the Islamic coins of gold and silver as official currencies, that is to say like payment way.
According to prescripts of the sharia (Islamic law), the dinars of gold weigh 4,25 grams and they are quoted for unit at 582 ríngit (approximately 142 Euros), while the silver dirham weigh 3 grams, and his value (at present 13 ríngit for unit) fluctuates on the market.
Many Islamic parties defend the use of the dinar and the dirham as coins of change in the Moslem world to promote his cohesion and to defend themselves from the fluctuation of the international markets of currencies.
Nik Abdul Aziz, spiritual leader of the PAS, indicated: "The Islamic coins were used during hundreds of years before the fall of the Ottoman Empire.”
* Web of the Government of Kelantan (Malaysia)
* Wikipedia Kelantan (Malaysia) in Castilian
* Wikipedia Kelantan (Malaysia) in English
* AsiaOne (in English): Kelantan makes dinar and dirham legal to tend
* Financial Times (in English): Malaysia looks to ancient alternative currency - gold
13-08-2010
