Iran, Malaysia, Turkey and Qatar are considering trading among themselves in gol...
KUALA LUMPUR - Iran, Malaysia, Turkey and Qatar are considering trading among themselves in gold and through a barter system as a hedge against any future economic sanctions on them, Malaysian Prime Minister Mahathir Mohamad said on Saturday.
“With the world witnessing nations making unilateral decisions to impose such punitive measures, Malaysia and other nations must always bear in mind that it can be imposed on any of us,” Mahathir said. “We are seriously looking into this and we hope that we will be able to find a mechanism to put it into effect.”
By the fourth and final day of the summit, no joint statement had been released. The summit had been expected to discuss major issues affecting Muslims, including Palestine, Kashmir and the plight of Rohingya Muslims in Myanmar and China’s camps for Uighur Muslims in its western Xinjiang region.
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