{"id":4609,"date":"2023-10-18T15:52:07","date_gmt":"2023-10-18T13:52:07","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=4609"},"modified":"2023-10-18T15:52:07","modified_gmt":"2023-10-18T13:52:07","slug":"malaysia-steps-up-de-dollarization-efforts-aims-to-launch-new-currency","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=4609","title":{"rendered":"Malaysia steps up de-dollarization efforts, aims to launch new currency"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">The Malaysian government will revisit the idea of creating an Islamic gold dinar and using it as a reserve currency to boost trade with Islamic countries and weaken the impact of the US dollar on Malaysia&#8217;s economy, Prime Minister Anwar Ibrahim said.<\/p>\n<p>The Islamic Gold Dinar, a project aimed at restoring the gold standard, was first proposed in 2001. The main objective of this initiative is to create a gold-backed international currency for use in the Muslim world.<\/p>\n<p>Ibrahim added that the use of the gold dinar would give Malaysia an alternative to the dollar, which would subsequently &#8220;strengthen the power of the country&#8217;s economy&#8221;.<\/p>\n<p>Earlier, Ibrahim noted that Indonesia, Thailand and China had agreed to use the Malaysian ringgit in trade with Malaysia.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Malaysian government will revisit the idea of creating an Islamic gold dinar and using it as a reserve currency to boost trade with Islamic countries and weaken the impact of the US dollar on Malaysia&#8217;s economy, Prime Minister Anwar Ibrahim said. The Islamic Gold Dinar, a project aimed at restoring the gold standard, was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4609"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4609\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/4610"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}