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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.


PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 13 April 2024 Forex Rates

Pakistani currency remains largely same against US dollar and other currencies in open market on April 13, 2024.

US Dollar rate in Pakistan

On Saturday, the US dollar was being quoted at 277.4 for buying and 280.65 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 12 April 2024


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