The Revive of Gold Dinar.pptx

DING XIAO LING (AYISHA) G1225900 ESRA OZTURK G1427152 FARAH AHMED G1512256

HUANG YIFEI G1427780 HASMIENE DIOCOLANO IBRAHIM G1417046

The Revive of Gold Dinar

What is Gold Dinar?

What is Gold Dinar?

Literally, dinar is a gold coins and dirham is silver coins that are use as medium of exchange throughout history until the fall of Ottoman Empire.

Technically, Islamic gold coins is a commodity money or metal-based currency.

Dinar= 4.25 grams of gold Dirham

= 3 grams of silver

What are the implications of

Gold dinar?

Stable MoneyExcellent

Medium of Exchange

Minimizes Speculation,

Manipulation and Arbitrage

Business Cycle Effects Minimized

Dinar Promotes Trade

When does Gold Dinar Originated?

1.Fixed exchange rates; 2.Islamic countries will not

need reserve of foreign currencies to finish commercial trading

1.Money creation; 2. manipulation of paper

money

Differences between dinar system& current monetary system

Why Gold Dinar?

Fiat Currency: Socio-economic Impact

Video

Fiat Currency:Socio Economic Impact

Increase in money supply creates ● Disparity in Income● Increase in the price of necessities● Increase in the price of housing since land is

fixed

Fiat Currency: Volatility

Bitcoin USD

Fiat Currency: Impact of Volatility

Global Swings 215 of 846 North American companies’ earnings monitored by FiREapps mentioned negative impacts from currency swings, negative hits for the October to December period was $18.7 billion; over four times the $4 billion in the previous quarter and the highest in four years. Bloomberg

Gold Dinar: Multilateral Trade

How can Gold Dinar be Implemented?

The Case of MALAYSIA

Gold dinner &Silver dirham, Kelantan

Dinar, Perak

Gold bullion coins

What are Infrastructural Initiatives for Gold

Dinar?

Keep CalmLets

Revive Gold Dinar