Malaysian Prime Minister proposes a single gold-linked currency for East Asia
Malaysian Prime Minister proposes a single gold-linked currency for East Asia
Malaysian Prime Minister proposes a single gold-linked currency for East Asia

Malaysian Prime Minister Mahathir Mohamad
30/05/2019
Economy News Baghdad
Malaysian Prime Minister Mahathir Mohamad on Thursday put forward the idea of a single trade currency for East Asia to be linked to gold, describing current currency trading in the region as manipulative.
Mahathir said the proposed currency could be used to settle imports and exports, but not in local transactions.
"In the Far East, if you want rapprochement, we must start with a single trade currency, not used domestically, but for trade settlement," he said at a conference in Tokyo.
"The currency we propose should be tied to gold because it is more stable."
The current foreign exchange system allowed currencies to be manipulated and manipulated by external factors.
During the financial crisis in Asia, Mahathir ringgit was tied at $ 3.8 and controls were imposed on capital flows. The linkage to the Malaysian currency was discontinued in 2005.
Earlier this week, the administration of US President Donald Trump said the Treasury Department had found no major trading partner whose practices required listing on currency manipulators, but listed Malaysia on a list of nine countries requiring close scrutiny.
In response, the central bank said on Wednesday its intervention in the currency market was limited to containing excess volatility.
http://economy-news.net/content.php?id=16810

Malaysian Prime Minister Mahathir Mohamad
30/05/2019
Economy News Baghdad
Malaysian Prime Minister Mahathir Mohamad on Thursday put forward the idea of a single trade currency for East Asia to be linked to gold, describing current currency trading in the region as manipulative.
Mahathir said the proposed currency could be used to settle imports and exports, but not in local transactions.
"In the Far East, if you want rapprochement, we must start with a single trade currency, not used domestically, but for trade settlement," he said at a conference in Tokyo.
"The currency we propose should be tied to gold because it is more stable."
The current foreign exchange system allowed currencies to be manipulated and manipulated by external factors.
During the financial crisis in Asia, Mahathir ringgit was tied at $ 3.8 and controls were imposed on capital flows. The linkage to the Malaysian currency was discontinued in 2005.
Earlier this week, the administration of US President Donald Trump said the Treasury Department had found no major trading partner whose practices required listing on currency manipulators, but listed Malaysia on a list of nine countries requiring close scrutiny.
In response, the central bank said on Wednesday its intervention in the currency market was limited to containing excess volatility.
http://economy-news.net/content.php?id=16810
RamblerNash- GURU HUNTER
- Posts : 24028
Join date : 2015-02-19

» Missing jetliner deliberately diverted, Malaysian prime minister says
» Saleh to the Prime Minister: any country linked to terrorism must be written off debt
» The long-term task of NATO in Iraq is linked to the re-election of Abbadi as prime minister
» Economic Adviser to the Prime Minister: any country linked to terrorism must be written off debts and in 2022 we will be the biggest payment
» Abdul-Mahdi proposes to hand over Kirkuk to the Kurds in exchange for supporting his assignment to the prime minister again
» Saleh to the Prime Minister: any country linked to terrorism must be written off debt
» The long-term task of NATO in Iraq is linked to the re-election of Abbadi as prime minister
» Economic Adviser to the Prime Minister: any country linked to terrorism must be written off debts and in 2022 we will be the biggest payment
» Abdul-Mahdi proposes to hand over Kirkuk to the Kurds in exchange for supporting his assignment to the prime minister again
Page 1 of 1
Permissions in this forum:
You can reply to topics in this forum
» Al-Kadhimi: Iraq is a leading country in the Middle East in terms of economic development
» CBI sells +210$ million in forex on Thursday
» Economist to / Nina /: Failure to approve the budget for the current year will cause the non-implementation of any investment projects
» morning news
» The World Bank announces its readiness to support Iraq by expanding the use of clean energy
» Increasing the capital of the Central Bank to 5 trillion dinars
» Iraq's U.S. Treasury Bond holdings jump to 26+ billion dollars
» Can We Do Without The Commentary!
» Cabinet Approves Loan Agreement for Water Supply and Sanitation Project in Baghdad
» Wiley Morgan of Gen64 on Skype Chat Friday Night ~ Updated 6/10
» Mahmoud Dagher explains the economic feasibility of removing zeros from the local currency
» Al-Rasheed Bank announces the removal of its name from the list of international sanctions of the Charter of the United Nations
» The United States allocated 140$ million to support Iraq
» USD/IQD exchange rates climb in Baghdad
» NOPEC Law
» Turkish lira weakens to 15.16 against dollar
» Here's my guess
» Tony and Twitter
» Hamza Al-Jawahiri to / NINA /: The survival of quotas and consensus will not achieve any sustainable development for the national economy / expanded
» The appearance of Muhammad Salih to / Nina /: This is how the surplus oil revenues are disposed of
» USD closes slightly higher in Baghdad on Sunday
» The Central Bank of Iraq 75 years in the face of economic challenges
» (Budget Reserve) may see the light next Wednesday
» Al-Kazemi's advisor puts forward a proposal to double growth rates
» VOTE -- Who Is The Worst Dinarland INTEL Provider Today?
» “Dedicated to Service” on Instagram
» Rehabilitation of the Church of the Virgin Mary in the province of Basra within the Tamkeen project for community initiatives
» 95% of Iraqi revenues still come from oil
» CBI foreign currency sales hike in April
» Where does the excess oil price differentials go?
» Introducing myself...
» Amer Al-Jawahiri to / Nina /: Improving economic activities in the local market is more stable than deleting confusing zeros
» Iraq's oil generates more than 10 billion dollars in one month
» USD/IQD exchange rates inched up in Baghdad
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Exchange rate game in Iraq: how speculators grossed millions of dollars in 48 hours scheme
» Holly: "Remember we are not in the know of all that goes on behind the scenes" (More Guessing Games...Just What Everybody Needs! LOL) 7/13/21
» RV INTEL BY TEXAS SNAKE, BOB LOCK AND ED OCALA (Three Blind Mice? LOL) 12/8/21
» Technical Adviser to the Prime Minister: The positive effects of changing the exchange rate will be felt more after 3 years