Let's have common East Asian currency based on gold, says Dr M


TOKYO: Malaysia is proposing a new currency based on gold as it is more stable as opposed to the current currency trading which is manipulative, says Prime Minister Tun Dr Mahathir Mohamad.

He said by using the precious metal, it could be used to evaluate the exports and imports activities among the East Asian countries.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Mahathir , currency , gold

   

Next In Business News

Choosing between unbuilt homes and sub-sale units
Malaysia in the lead
When a tenant refuses to leave
Eco World redesignates Leong Kok Wah as non-independent, non-executive director
Ringgit seen trading in cautious mode ahead of US rate decision next week
Oil settles at 3-week high as more Russia sanctions loom
Local market treads water
Governance challenges continue at TMC Life after CEO’s removal
Estates of late tycoons spark M&A interest
Macquarie bidding for Axiata’s EDOTCO

Others Also Read