The Gold Dinar System

The halcyon Dinar System the succession of economical and monetary crisis in the globular oddly with the 1997 Asian and 1998 Russian crises father spurred monolithic interest among scholars and decision makers about m adepttary standards, especially the Gold standard and the current fiat standard .Where held umpteen of discussions and highly-developed many of the ideas and proposals to build strong and stable financial, financial peeation that will be less vulnerable to speculative attacks, devote up trade and grow the economic situation of a nation. one of the most all- classical(a) of those ideas is the Moslem Gold Dinar as a back to fortunate standard which based on tying the official currency to the fixed amount of capital , this means that it is not required to have gold coins already in circulation within the national economy.

The most important characteristic of the use of the Islamic gold dinar and the most important factors that led to the adoption of this idea is to seek to get dispense with of the dollars hegemony as a global currency and the effects of its major(ip) economic consequences on the countries of the world in general and the Islamic countries in pickicular, The use of the dollar as the basis for world-wide transactions back up the fall in States and its interests at the expense of the world, it offers advantages in admission to economic resources of the world free of charge exclusively by providing just papers of boundnotes which is called the dollar. Moreover, this situation means that the United States would be in practice - as the central bank to the world. It is rec! ognise that the central bank issued money in the form of debt on it. Therefore, the indebtedness of the United States of America to the world is an indispensable part of the world monetary system. Thus, the growing U.S. debt is the natural pull up stakes of that. and the balance of payments deficits of U.S. will become inevitable. the current global monetary system created the worst system of capitalist development in history, and...If you want to get a full essay, locate it on our website: BestEssayCheap.com

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