Muslim nations consider gold, barter trade to beat sanctions – Malaysia PM

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Muslim nations consider gold, barter trade to beat sanctions – Malaysia PM
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'We are seriously looking into this.' Malaysia PM Mahathir Mohamad says Iran, Malaysia, Turkey, and Qatar are considering trading among themselves in gold and through a barter system

Islamic summit ends in Malaysia with PM Mahathir Mohamad saying Iran, Malaysia, Turkey, and Qatar are considering"trading using the gold dinar and barter" as a hedge against any future economic sanctions.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.

"We are seriously looking into this and we hope that we will be able to find a mechanism to put it into effect."

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