Wednesday, November 10, 2010

Perak Dinar is not for trading

This news about Perak dinar sound like a same story with Kelantan dinar. At first they said it will be use as currency and later on it is not for trading? A news reported by local Malaysia Star newspaper reported that Perak Menteri Besar, Mentri Besar Datuk Seri Dr Zambry Abdul Kadir, stated that the gold dinar and silver dirham currency to be introduced by the Perak state government is not meant to be used for trading but only for investment purposes.

“The plan to introduce the dinar and dirham was made because many people prefer to keep the currency as they feel the value will increase.

“That is the basis of introducing the dinar and dirham,” he told reporters after chairing the state exco meeting here yesterday.

He added that Perak would have no problem cooperating with Kelantan, which was attempting to use the gold dinar and silver dirham in all its transactions, including for paying civil servants’ salaries. Dr Zambry was commenting on news report that the Kelantan government was keen to cooperate with Perak to popularise the use of the dinar and dirham. Kelantan economic planning, finance and welfare committee chairman Datuk Husam Musa was reported to have made the offer after Perak announced its plan to introduce the currency. Dr Zambry said the gold dinar and silver dirham should not be used as a medium of transaction as it could cause problems to the country’s economic system. Moreover, he added, the Federal Government had set a medium of exchange in the country, that was through monetary currency rather than through gold or silver.

Meanwhile, in KOTA BARU, Hussam said Kelantan may pay half of the salaries of its state assemblymen in gold dinar and silver dirham. He told the state assembly yesterday that the proposal would be forwarded to the state Treasury for its and the state government’s consideration. However, he added that the proposed payment in dinar and dirham would only be made to assemblymen who chose the new mode.

Source: The Star, Wikipedia

Related Posts: