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Malaysia's Gold Currency

September 2010

"...The Malaysian News Agency - Bernama reported today that the state of Kelantan, on the North East Coast of Malaysia, paved the way to become the first state in Malaysia to introduce the gold dinar and silver dirham currency.  When launching the Shariah currency, the Chief Minister of Kelantan said the state would strive to expand the use of the gold dinar and silver dirham in all transactions, including paying civil servants' remuneration...."

July 4, 2003


"...Malaysia, Iran bank on dollar alternative

By Kalinga Seneviratne

KUALA LUMPUR - Malaysia's efforts to use the gold dinar for trade with Iran is Prime Minister Mahathir Mohamad's latest initiative to overhaul the international financial system, which he has long criticized as being skewed toward rich countries and speculators.

If successful, this could be extended to 32 countries that have bilateral payments arrangements (BPA) with Malaysia, Mahathir told an international convention here on Tuesday on the gold dinar as an alternative international currency. ... "

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