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Malaysian PM Wants Gold-Backed Pan-Asian Currency: ‘Gold Is Much More Stable’

The idea for gold-backed currency got a nod of approval from the Malaysian Prime Minister Mahathir Mohamad, who proposed a common trading currency pegged to gold for all of East Asia.

Mahathir made his statement at the Nikkei Future of Asia conference held in Tokyo last week.

“In the Far East, if you want to come together, we should start with a common trading currency, not to be used locally but for the purpose of settling of trade,” he said on Thursday. “The currency that we propose should be based on gold because gold is much more stable.”

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana. The Company also has a small gold mining and exploration portfolio in Kenya, Ghana and Burkina Faso.

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