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