Snip ~ "Shall Muslim nations make the move to using the gold dinar? At first, such nations can implement the use of the gold dinar in international trade, then domestic transactions and then attempt to unify in a Muslim trading bloc. How about starting with the expansion of the Gulf Cooperation Council and build from there? The current Arab and Muslim organizations in place today first need to be strengthened and expanded and then consensus reached about adopting a gold standard"
Snip ~ "Looking at the Euro, which is currently being used as the common currency of the EU, the gold dinar could potentially be the common currency for Muslim nations. If such a bloc were created, this might result in increased voting power at the World Bank, IMF, and increased influence at the WTO. The formation of such a bloc may increase the influence of Muslim nations in the decision-making involving the Bretton-Woods policy being formulated today for the world economy which is done currently mainly by Western nations".. continues @ The Case for the Islamic Gold Dinar ...
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