{"id":58980,"date":"2019-12-23T16:54:21","date_gmt":"2019-12-23T11:54:21","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=58980"},"modified":"2025-05-26T16:28:44","modified_gmt":"2025-05-26T11:28:44","slug":"kl-summit-attendees-consider-resorting-to-gold-barter-trade","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/kl-summit-attendees-consider-resorting-to-gold-barter-trade.html","title":{"rendered":"KL Summit attendees consider resorting to gold, barter trade"},"content":{"rendered":"<p>Lahore: The high-level participants of the recently-concluded Kuala Lumpur Summit on Saturday deliberated on the adoption of a gold and barter trade system as the preferred mode of processing payments between Malaysia, Iran, Qatar, and Turkey \u2013 a news source reported.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/pakistan-seeks-itfcs-help-to-boost-exports.html\" target=\"_blank\" rel=\"noopener noreferrer\">Pakistan seeks ITFC\u2019s help to boost exports<\/a><\/p>\n<p>Malaysian Prime Minister (PM) Mahathir Mohamad stated that the said countries were considering trading among themselves in gold and through a barter system. This initiative is expected to help these countries counter future economic sanctions.<\/p>\n<p>PM Mahathir Mohammad was speaking to the media at the end of the summit. He said that the world had witnessed nations unilaterally imposing punitive sanctions and that Malaysia and other nations \u2018must always bear in mind that it can be imposed on any nation\u2019.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/malaysian-envoy-urges-investors-to-explore-pakistani-market.html\" target=\"_blank\" rel=\"noopener noreferrer\">Malaysian envoy urges investors to explore Pakistani market<\/a><\/p>\n<p>He referred to the Islamic medieval gold coin and explained that he had suggested that the idea should be revisited for trade using the gold dinar. He stated that the countries were \u2018seriously looking into this\u2019 and that that they will be able to find a mechanism to put it into effect.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The high-level participants of the recently-concluded Kuala Lumpur Summit on Saturday deliberated on the adoption of a gold and barter trade system as the preferred mode of processing payments between Malaysia, Iran, Qatar, and Turkey \u2013 a news source reported. Read:\u00a0Pakistan seeks ITFC\u2019s help to boost exports Malaysian Prime Minister (PM) Mahathir Mohamad stated that the said countries were considering trading among themselves in gold and through a barter system. This initiative is expected to help these countries counter future economic sanctions. PM Mahathir Mohammad was speaking to the media at the end of the summit. He said that the world had witnessed nations unilaterally imposing punitive sanctions and that Malaysia and other nations \u2018must always bear in mind that it can be imposed on any nation\u2019. Read:\u00a0Malaysian envoy urges investors to explore Pakistani market He referred to the Islamic medieval gold coin and explained that he had suggested that the idea should be revisited for trade using the gold dinar. He stated that the countries were \u2018seriously looking into this\u2019 and that that they will be able to find a mechanism to put it into effect.<\/p>\n","protected":false},"author":57,"featured_media":58990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[14590,14589],"persona":[],"class_list":{"0":"post-58980","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-barter-trade","9":"tag-kl-summit-attendees-consider-resorting-to-gold","10":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>KL Summit attendees consider resorting to gold, barter trade - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The high-level participants of the recently-concluded Kuala Lumpur Summit on Saturday deliberated on the adoption of a gold and barter trade\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/kl-summit-attendees-consider-resorting-to-gold-barter-trade.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KL Summit attendees consider resorting to gold, barter trade - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The high-level participants of the recently-concluded Kuala Lumpur Summit on Saturday deliberated on the adoption of a gold and barter trade\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/kl-summit-attendees-consider-resorting-to-gold-barter-trade.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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