Document Details

Document Type : Article In Journal 
Document Title :
Ensuring Exchange Rate Stability: Is Return to Gold (Dinar) Possible?
ضمان استقرار سعر الصرف: هل ممكن الرجوع إلى الذهب؟
 
Subject : Ensuring Exchange Rate Stability: Is Return to Gold (Dinar) Possible? 
Document Language : English 
Abstract : This paper shows that the recent euphoria in Malaysia to introduce Gold Dinar as money in Muslim countries is devoid of reason. Despite the destabilizing potential of the current monetary arrangements in the world, the return to gold is neither desired nor practicable. The Denarists, as some prefer to characterize the proponents, are palpably asking for the moon. It is argued here that the introduction of gold money in Muslim countries is in no way an Islamic imperative. And, if enforced, the system is likely to end in a chaotic failure. Sagacity, not emotion, must guide public policy. 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 21 
Issue Number : 1 
Publishing Year : 1429 AH
2008 AD 
Article Type : Article 
Added Date : Sunday, July 4, 2010 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
زبير حسنHasan, Zubair ResearcherDoctoratezubair@iiu.edu.my

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