Wednesday, November 10, 2010

Perak Catches The Gold Disease

I didn’t catch the original announcement, but here’s the follow-up:

Dinar not for trading

IPOH: 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, said Mentri Besar Datuk Seri Dr Zambry Abdul Kadir.

“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.

At least they have the sense not to try to use it as a medium of exchange.

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