Jump to content
CoinPeople.com

Kelantan to launch Gold Dinar coin


Tiffibunny
 Share

Recommended Posts

Guest Aidan Work

It would be interesting to find out what these gold coins actually look like.As seen as Kelantan is part of the British Commonwealth,they would be of interest to me.

 

I didn't know that the individual Malaysian states are allowed to issue their own coins.I always thought that only the Malaysian federal government was allowed to issue coins.

 

Aidan.

Link to comment
Share on other sites

I didn't know that the individual Malaysian states are allowed to issue their own coins.I always thought that only the Malaysian federal government was allowed to issue coins.

Well, the article does state that these "coins" are not legal tender ...

 

Christian

Link to comment
Share on other sites

Guest Aidan Work

Here's another article about the Kelantanese gold coins; http://thestar.com.my/news/story.asp?file=...&sec=nation .

 

We had a similar situation over here in New Zealand back in late 1999 in which the Reserve Bank of New Zealand gave approval to a private organisation called the Chatham Islands Note Corporation to issue notes.The interesting thing is that the notes were not allowed to be regarded as legal tender,but negotiable tender,which meant that a trader didn't have to accept them as payment.There were 2 issues of notes,but the C.I.N.C. tried to issue coins,but the R.B.N.Z. took an extremely dim view of this.

 

The Kelantanese situation is slightly different,as Kelantan is a semi-independent state within Malaysia with its own monarch & legislature,whereas,the Chatham Islands are not self-governing.

 

The Kelantanese Dinar was intended to circulate side by side with the Malaysian Ringgit,just like the Chatham Islands Dollar circulated along with the New Zealand Dollar.

 

I wonder how many Dirhams will make up the Kelantanese Dinar.I can guess that there will be 1,000 Dirhams in a Kelantanese Dinar.

 

The new Kelantanese coins will be the first issue since Kelantan came under British protection in 1909,which is why they would be of interest to me.

 

The names 'Dirham' & 'Dinar' have been chosen to reflect the fact that a majority of the Kelantanese people are Muslims,& that the Islamic Empire of the Caliphs was once an economic & political power in its own right.

 

I wonder where the gold will come from for the Kelantanese coins.Malaysia isn't known as a gold producer,but it is more famous for its exports of tin.

 

Aidan.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

×
×
  • Create New...