I felt intrigued after reading a news article a few days ago about the Kelantan State Government introduced a new currency only for its state called Dinar and Dirham. Each dinar is worth RM180 and one dirham is RM4.
Whichever way you look at it, the fact remains that the opposition party of the Malaysian government has introduced a new system of currency. This new currency is really interesting as the last time an Islamic country used this syariah currency was the Ottoman Caliphate, dated back about more than 100 years ago.
The dinar and dirham are said can be used in more than 1000 shops in Kelantan and are accepted to be used to pay zakat and dowry.
As expected, Bank Negara Malaysia issued a statement, claiming only Ringgit Malaysia is the legal tender in this country.
Then, the Kelantan state governement said that their administrative staff will be paid in this new currency. Problem would certainly rise later on because if the staff were to spend outside the state, they need to change their money first which I would think most (possibly all) money changers would not accept as it is not an official currency of a country.
Some might see this act has something to do with politics and I do not doubt that. Maybe PAS also wants to create a sense of belonging to the Kelantanese and to show the world that they are serious in upholding the Islamic most prestigious currency.
In terms of practical reasons, how much of the currency of one state can be minted and circulated widely? Lets just wait and see what happens next!
The dinar and dirham are said can be used in more than 1000 shops in Kelantan and are accepted to be used to pay zakat and dowry.
As expected, Bank Negara Malaysia issued a statement, claiming only Ringgit Malaysia is the legal tender in this country.
Then, the Kelantan state governement said that their administrative staff will be paid in this new currency. Problem would certainly rise later on because if the staff were to spend outside the state, they need to change their money first which I would think most (possibly all) money changers would not accept as it is not an official currency of a country.
Some might see this act has something to do with politics and I do not doubt that. Maybe PAS also wants to create a sense of belonging to the Kelantanese and to show the world that they are serious in upholding the Islamic most prestigious currency.
The Kelantan Dirham
In terms of practical reasons, how much of the currency of one state can be minted and circulated widely? Lets just wait and see what happens next!
2 comments:
Dear Faiz Fauzi.. Kindly note that you have mistakenly put a picture of the 'Kijang Emas Gold Bullion Coin' and stated it as 'A Kelantan Dinar'. It is NOT the Kelantan Dinar. Please correct it and do some research before you posted your content.
kena marah...waaaaa!!!!!!! :(
ok2, i've taken out the picture and caption. thanks for pointing out the mistake.
gosh, never thought that there would be someone out there who really reads my blog. i guess, there are those people who secretly reads it. hihi.. *perasan* :p
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