1 “FIAT MONEY & GOLD DINAR APPLICATION: AN ONLINE SURVEY. ”

ABSTRACT5 The former Malaysian Prime Minister, Mahathir Mohamad has suggested the usage of Gold Dinar as an international payment settlement among OIC countries as one of the solutions to the Asian financial crisis and the unity of the countries. However, the implementation of gold Dinar seems impossible because of IMF prohibition (Second Amendment to the Articles of Agreement in April 1978 which eliminate the use of gold as the common denominator of the post-World War II exchange rate system and as the basis of the value of the Special Drawing Right) and it is expected that the mechanism would eliminate the power of central banks to use monetary policy in maintaining price stability. Despite the hurdles, the demand for the return of the gold Dinar from intellectual discussions is high. In respond, an online survey has been conducted especially designed to identify the perceptions of the public towards the implementation of Gold Dinar as a currency