Msia currency

Posted: 15 August 2010 by reanxyz in Int Affair, MoneyTok, Uncategorized

Msia use back the gold dinar and silver dirham coins

Rather than going into the electronic currency, now they are heading back to the original currency usage. The coins came into circulation Thursday and can be purchased at various locations in Kelantan. Their worth is currently about US$180 per dinar and US$4 per dirham.

Dont really know how it would works with today’s depleted resources.. Are they going to do backed  their paper currency with gold and silver as well?

i dont think i would spend the coins if i received them.. aha. Let’s wait and see how their initiative go

  1. reanxyz says:

    Borneo bulletin:
    According to Islamic law, the dinar measures 4.25 grammes of gold, while the dirham is 3.0 grammes of pure silver.

    A golden coin is equivalent to about RM582 (US$183 dollars) while the silver coin is worth around RM13 but their values fluctuate according to market prices.

    Husam said the dinar and dirham currencies can also be used dealings with state government agencies, such as paying “zakat”, or alms for the poor.

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