Study of implementation gold dinar as currency

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

The issue of going back to use gold dinar as currency has become a lively discussion following the ASEAN currency depreciation crisis in 1997/1998 and the global economic crises going on today. The call was made by former Prime Minister of Malaysia, Tun Dr. Mahathir Mohammed in 2001 to Organisation of Islamic Country (OIC). However, until now there is still no one ideal mechanism implemented globally. So, the question arose: should gold dinar from Arabs currency be used back as a currency in current economy? Thus, this study aims to examine the potential of gold dinar performance as a currency by identifying the implementation infrastructure that first needs to be developed. This is a qualitative study going by the strategy of library research approach. Method of text analysis and evaluation on the capability in providing infrastructure for implementation of gold dinar was done to get the results. The study show that the implementation of gold dinar as currency in the economy is still not suitable because of the shortcomings in providing for physical infrastructure (inadequate gold supply), inadequate awareness reforms and lacks political will (consensus from other nations to use gold dinar as money).

Original languageEnglish
Pages (from-to)1014-1023
Number of pages10
JournalWorld Applied Sciences Journal
Volume20
Issue number7
DOIs
Publication statusPublished - 2012

Fingerprint

Currency
Global economic crisis
Currency depreciation
Evaluation
Malaysia
Text analysis
Qualitative study

Keywords

  • Economic crisis
  • Gold dinar
  • Gold standard
  • Implementation infrastructure of gold dinar
  • Inflation

ASJC Scopus subject areas

  • General

Cite this

Study of implementation gold dinar as currency. / Yaacob, Salmy Edawati.

In: World Applied Sciences Journal, Vol. 20, No. 7, 2012, p. 1014-1023.

Research output: Contribution to journalArticle

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