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Maulana Sherani for bringing back gold and silver as currency

06:03 PM | 26 Apr, 2016
Maulana Sherani for bringing back gold and silver as currency
ISLAMABAD (Web Desk) - In an unusual demand, Council of Islamic Ideology Chairman Maulana Muhammad Khan Sheerani has called for “bringing back the circulation of gold and silver in the country.”

Sherani, the chairman of Pakistan top religious body, was speaking at a seminar hosted by the CII in Islamabad on Tuesday. He said that in the past economy was based on silver and gold coins. “We must bring back the circulation of gold and silver,” he demanded.

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“The current system of economy based on paper currency is not durable because there is nothing concrete in paper currency,” he pointed out.

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The CII chief further said that Islamic style of economy was necessary to revive Islamic principles.

Maulana Sherani also announced that the council would open a debate on re-circulation of gold and silver coins.

The writer is a member of the staff.

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Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 27 Feb 2024

Pakistani currency remains largely stable against US dollar in the open market on February 27, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 76.7.

Today’s currency exchange rates in Pakistan - 27 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 303 306
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207 209
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.56 40.96
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36
 
26.66
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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