17.12.2010 - Islamic dinar revisited
From Opalesque: Clearly, a new Islamic Dinar weighted to equal 4.3 grams of gold and an Islamic Dirham weighted at 3 grams of silver will exceed the established criteria prescribed by the governor in terms of its intrinsic value, convertibility and flexibility. It is entirely independent from the economic conditions and geo-economic interests of any single country and directly addresses the Triffin dilemma by providing liquidity while maintaining value. Similarly, it is a far superior alternative to the Bancor currency proposal of John Maynard Keynes whose world currency unit fixed in terms of 30 commodities seems impractical and unstable. .............................................Full Article: Source
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