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Wednesday, July 09, 2003

Another reason for the US to attack Iran?

Malaysian Prime Minister Dr Mahathir Mohamad said that in addition to Iran many countries, especially those in West Asia, are interested in conducting trade with Malaysia using the gold dinar for settlement.
"Arab countries, in particular, have expressed interest but the decision-making process and bureaucratic procedures take time," he said after opening the `International Convention on Gold Dinar as an Alternative International Currency' in Kuala Lumpur.
Dr Mahathir said efforts to use the gold dinar in bilateral trade with Iran had just started and, if successful, the same mechanism could be applied and expanded to Malaysia's other trading partners, particularly the 30-plus countries with which the country had concluded bilateral payment arrangements (BPA).

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