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Islamic Gold Dinar

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  • Islamic Gold Dinar









    Islamic gold dinar coin is a coin of gold. Dinar was Askh RomanByzantines, and the first Islamic dinars minted by order of the Abdul-Malik bin Marwan in the era of the Umayyad dynasty, and continuedcoined by each successor until the end with the end of the Ottoman Empire in 1918.
    Tusk weight was 4.25 grams of 22-carat gold and the calculatedvalue of the dinar Islamic gold for the 24-ounce following equation:





    This means that all the Islamic Dinar 7.98 = 1 oz gold.
    1 dinar Islamic gold = 1/7.98 oz.







    Islamic Dinar in the modern era



    The first to put this idea Hua Malaysian Prime Minister Mahathir Mohamad in 1997, as an alternative to the U.S. dollar and a means of exchange of financial transactions of international trade betweenMuslim countries, the idea has not been successful because ofinternational pressure to dissuade him from the idea, the economic crisis that occurred at the end of 2008 and the collapse in the major currencies of U.S. dollars and euros, a European and the high price of gold Mahwah only indication of the foresight of Mahathir.







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