Publication:
The Implementation Of Gold Dinar: Is It The End Of Speculative Measures?

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dc.contributor.authorAbu Bakar Mohd Yusufen_US
dc.contributor.authorNuradli Ridzwan Shah Mohd Dalien_US
dc.contributor.authorNurhayati Mat Husinen_US
dc.date.accessioned2024-05-28T04:31:43Z
dc.date.available2024-05-28T04:31:43Z
dc.date.issued2002
dc.description.abstractThe Asian economic crisis, which occurred in 1997, hit the Malaysian and neighbouring countries economies badly. Thailand an d South Korea had to turn to IMF rehabilitation funds to ensure that they cou ld revive their economic growth. Suprisingly, Malaysia took an unorthodox wa y by implementing capital control and pegging the National Ringgit Ma laysia at 3.80 to the US dollar. Prime Minister Dato Seri Dr. Mahathir Moham d blames speculators which contributed heavily to the country's deprecia ting currency value, thus affecting the overall national economic condition. Even though the SEA countries are feeling the pain from the crisis, the ir overall economic conditions are moving towards positive reactions after several conomic measures have been taken by the affected countries. In the proces s of economic recovery, Malaysia is searching for an alternative solution t decrease the possibilities of being attacked by speculators. Prime Minister Dato Seri Dr. Mahathir Mohamad first expressed interest in a universal cur rency that could help unite Muslim countries after attending the OIC summit in Doha, Qatar, in November 2000. This paper will discuss whether the implement ation of the universal currency, or the Gold Dinar will stop the speculators� menace.en_US
dc.identifier.citationJournal of Economic Cooperation 23, 3 (2002) 71-84en_US
dc.identifier.epage84
dc.identifier.issn1308-7800
dc.identifier.issue3
dc.identifier.other573-12
dc.identifier.spage71
dc.identifier.urihttps://sesricdiag.blob.core.windows.net/sesric-site-blob/files/article/136.pdf
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/5817
dc.identifier.volume23
dc.language.isoenen_US
dc.publisherStatistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC)en_US
dc.relation.ispartofJournal of Economic Cooperationen_US
dc.titleThe Implementation Of Gold Dinar: Is It The End Of Speculative Measures?en_US
dc.typeArticleen_US
dspace.entity.typePublication

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