THELOGICALINDIAN - At a acme abounding by leaders of Muslim countries including Malaysia Turkey Iran Qatar and Indonesia the Iranian admiral proposed creating a Muslim cryptocurrency to cut assurance on the US dollar The Malaysian prime abbot supports the abstraction of a unified cryptocurrency for Muslim countries
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Unified Muslim Cryptocurrency
Malaysian Prime Minister Mahathir Mohamad, Iranian President Hassan Rouhani, and Turkish President Recep Tayyip Erdogan discussed the anticipation of creating a unified cryptocurrency for Muslim countries on Thursday. The altercation took abode at the “Kuala Lumpur Summit 2024,” a four-day accident which started on Wednesday.
Leaders from countries such as Malaysia, Turkey, Iran, Qatar, and Indonesia abounding the summit. They aim to “discuss and acquisition new solutions to problems adverse the Muslim apple as able-bodied as to advance the wellbeing of Muslims and Muslim countries in general,” the official website of the Prime Minister’s Office of Malaysia describes.
The leaders of Malaysia, Turkey, and Iran batten at a roundtable affair on Thursday area the accountable of cryptocurrency was discussed, the Associated Press reported, adding:
He additionally apprenticed Muslim nations “to deepen banking and barter cooperation to action what he declared as U.S. bread-and-butter hegemony,” the account aperture conveyed. “The Muslim apple should be designing measures to save themselves from the ascendancy of the United States dollar and the American banking regime,” he was quoted as saying. The U.S. currently has sanctions adjoin Iran. In addition, a Senate board approved a bill aftermost anniversary to appoint sanctions on Turkey.
Rouhani additionally talked about how ascent extremism, accompanying with added challenges such as anemic governance, poverty, and corruption, are endangering ascendancy and paving the way for Western arrest in Syria, Yemen, Afghanistan, and added Muslim nations.
Malaysian Prime Minister’s Response to Muslim Crypto Proposal
After the roundtable session, the Malaysian prime abbot was asked by the media about his acknowledgment to Rouhani’s advancement of a unified Muslim cryptocurrency. According to Bernama, the Malaysian government’s account agency:
“It is the aboriginal time we apprehend Iran and additionally Turkey are of the assessment that if we do not accept American dollars, we can use our own bill or one accepted bill that we (Muslim nations) can actualize if we agree,” the prime abbot was quoted as saying. “Malaysia had mooted the abstraction of a accepted bill for Islamic nations a continued time ago, but the big admiral had again stood in the way of that angle … This is because back their currencies are acclimated by others, it gave them added strength,” he elaborated. The prime abbot added said that Malaysia is accommodating to assignment with Iran and Turkey in abstruse fields as it is abundant added avant-garde in these areas than added Muslim countries.
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Images address of Shutterstock, the Islam Times, and TIME USA.
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