A state government in Malaysia, Perak state government, will launch the gold dinar and dirham currency at the end of next month. The dinar and dirham will be produced by Goldnet International Sdn Bhd, which is a subsidiary of the Perak State Economic Development Corporation in collaboration with Kuwait Finance House (KFH) Sdn Bhd. Hours after a state exco member announced Perak’s intention to issue gold dinars and silver dirham currencies, Mentri Besar Datuk Seri Dr Zambry Abdul Kadir said the matter needs to be further discussed and get clearance from the Federal Government.
“There is a proposal. But until I get a final draft on the mode of operation, I will not make any statement,” Dr Zambry told a press conference after chairing the weekly state exco meeting here yesterday.
On Tuesday, state executive councillor Datuk Mohamad Zahir Abdul Khalid was reported as saying that the Perak government would launch the currencies next month in a move to diversify its reserves. Mohamad Zahir said the state government was working with Kuwait Finance House (KFH) to introduce the currencies as the bank, which provides syariah-compliant products and services, have vast experience in handling them. He added the currencies would be produced by Goldnet International Sdn Bhd, a wholly owned subsidiary of the Perak State Development Corporation, in collaboration with KFH.
Dr Zambry admitted the state was working with several partners “but I will not reveal who they are.” He also clarified that the gold and silver coins were for investment rather than a mode of transaction.
“I do not want the people to misconstrue that it is another form of currency exchange.
“We do not want people to misunderstand as the state has no authority to execute such a policy,” he added.
Dr Zambry said Perak came up with the idea before Kelantan to use the dinar and dirham.
“Somehow, Kelantan managed to capture our idea and launch it first,” he said.
Source: The Star Malaysia
From the last statement by Dr. Zambry, is he saying that Gold Dinar is Perak idea or Perak want to introduce it as a currency (like Kelantan did)? For me, its not a matter of who owned the idea since Kelantan already introduced it first. The important thing that they will start producing and circulating their owned gold dinar. Its hard to find Gold Dinar nowadays because many people are collecting them. I hope the quality of their gold dinar coins will be at least the same as Kelantan and come up with serial numbers. This is a good investment for everyone to buy.
What is your opinion regarding Perak Dinar and this news?
“There is a proposal. But until I get a final draft on the mode of operation, I will not make any statement,” Dr Zambry told a press conference after chairing the weekly state exco meeting here yesterday.
On Tuesday, state executive councillor Datuk Mohamad Zahir Abdul Khalid was reported as saying that the Perak government would launch the currencies next month in a move to diversify its reserves. Mohamad Zahir said the state government was working with Kuwait Finance House (KFH) to introduce the currencies as the bank, which provides syariah-compliant products and services, have vast experience in handling them. He added the currencies would be produced by Goldnet International Sdn Bhd, a wholly owned subsidiary of the Perak State Development Corporation, in collaboration with KFH.
Dr Zambry admitted the state was working with several partners “but I will not reveal who they are.” He also clarified that the gold and silver coins were for investment rather than a mode of transaction.
“I do not want the people to misconstrue that it is another form of currency exchange.
“We do not want people to misunderstand as the state has no authority to execute such a policy,” he added.
Dr Zambry said Perak came up with the idea before Kelantan to use the dinar and dirham.
“Somehow, Kelantan managed to capture our idea and launch it first,” he said.
Source: The Star Malaysia
From the last statement by Dr. Zambry, is he saying that Gold Dinar is Perak idea or Perak want to introduce it as a currency (like Kelantan did)? For me, its not a matter of who owned the idea since Kelantan already introduced it first. The important thing that they will start producing and circulating their owned gold dinar. Its hard to find Gold Dinar nowadays because many people are collecting them. I hope the quality of their gold dinar coins will be at least the same as Kelantan and come up with serial numbers. This is a good investment for everyone to buy.
What is your opinion regarding Perak Dinar and this news?
