Greater use of gold dinar for trade soon


PRIME Minister Datuk Seri Dr Mahathir Mohamad said that in addition to Iran, many countries, especially those in West Asia, are interested in conducting trade with Malaysia using the gold dinar for settlement. 

“Arab countries, in particular, have expressed interest but the decision-making process and bureaucratic procedures take time,” he said after opening the International Convention on Gold Dinar as an Alternative International Currency in Kuala Lumpur yesterday. 

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

MSMEs still resilient despite weaker sentiment index
Heavyweight buying lifts Bursa Malaysia
CIMB Islamic Bank bags two accolades
Ringgit closes lower against greenback on BOJ interest rate increase
Vantris Energy to exit PN17 status on June 18
MRCB ventures into digital infrastructure with RM2.1bil data centre in Bukit Jalil
Scanwolf secures RM75mil substructure project in KL
Bursa Malaysia ends higher for second straight day on heavyweight buying
Beshom unit to dispose of Klang lands for RM85.8mil
SpaceX set to surpass Amazon's market cap as post-IPO rally continues

Others Also Read