Gold dinar - a new tool of globalization?

Private companies already have experience in the manufacturing of electronic and ordinary gold dinars. Now, the gold dinar going to enter into circulation Islamic countries. What is the background of this idea? What are the possible implications of the gold dinar as an international regional currency?

Mysteries of the Islamic finance

The American dollar as the dominant currency in international payments has been unchanged for many years. Moreover, 90 years of the last century were marked by the growth of the American economy and the expansion of its sphere of influence. But, as often happens, for rapid growth should fall, and the beginning of the century was marked by the exit to the world stage as a full-fledged currency and strengthening in the euro market.

Today, most analysts as the major rival currencies considered bunch <dollar-euro>. However, in the short term may well be a new currency, the technology of treatment which will be based on entirely different principles. This currency will have not only the economic features of the application, but also the religious overtones, based in particular on Islamic philosophy.

We do not know too much about the Islamic world. Closeness of social, political and religious life in these countries in the Western world is obvious. Today, the central banks of many countries, Muslim and orientation of its citizens to the Islamic way of conducting financial transactions, there is still a concept <information embargo>. For example, the publication of the English-language version of the press release of the central bank may be deliberately delayed for a month or two. Representatives of banks and investment funds are reluctant to contact with the Western media, often providing conflicting statistics. All this is extremely complicated research in Islamic finance, in particular - the project "gold Islamic Dinar>.

Vector of 55 economies

The central structure in the Islamic financial world is the Islamic Development Bank (IDB), the creation of which was attended by more than 55 Islamic states with a total population of approximately 1.1 billion people. These states have not only the potential for population growth, but also a significant source of raw materials.

Islamic economy is growing at a very fast pace. For example, if in 1998, the combined GDP of all the countries participating in the IDB was $ 1230.82 billion in 2001 - is now $ 1453.64 billion, of course, most of the member states of the IDB, is very dependent on the situation on the commodity markets, and they are the recently come to the fore. September 11 is not only forced to see the world through different eyes of Western civilization, but also forced the government of the Islamic countries to look for new ways to solve the paradoxes of economic relations. The central paradox of the Middle East and <Islamic Asia and Africa> is that these countries, often in opposition to the United States, in fact, very much dependent on them, and from the European Union. The events of the last year have shown that the decline of the U.S. currency disadvantageous to anyone in the world, including the IDB member countries. They can say, especially since commodity supplies from these countries is largely tied to the U.S. dollar. It is clear why it happened: the U.S. and Europe - major buyers of Middle East oil, gas and North African Indonesian tin. And as other consumers of these resources in most cases have their sources, the two largest buyers are able to dictate terms to the many vendors.