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Malaysia: Use gold dinar for trade, urges former prime minister

Posted on 17 December 2010

From Bernama: Global trade should have reverted to the use of gold dinar following the decline in the value of the US dollar, said former prime minister, Tun Dr Mahathir Mohamad. He said since the price of gold was difficult to fall, it was suitable for use worldwide compared with the US dollar now.
“At one time, US$35 was equal to one ounce of gold. But today, it is worth US$1,400, meaning the US dollar has already depreciated……………………………………….Full Article: Source

 
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