Tiffibunny Posted September 14, 2006 Report Share Posted September 14, 2006 http://www.btimes.com.my/Current_News/BT/T...46.txt/Article/ Link to comment Share on other sites More sharing options...
Guest Aidan Work Posted September 15, 2006 Report Share Posted September 15, 2006 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 More sharing options...
tabbs Posted September 15, 2006 Report Share Posted September 15, 2006 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 More sharing options...
gxseries Posted September 15, 2006 Report Share Posted September 15, 2006 I personally call it a bullion, not coin if it is not legal tender. Note, the currency of Malaysia is ringgit, not dinar, which is the national currency of most Middle East countries. Link to comment Share on other sites More sharing options...
Guest Aidan Work Posted September 16, 2006 Report Share Posted September 16, 2006 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 More sharing options...
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