Kuala Lumpur Summit 2019: Muslims Call For Own Currency Against Dollar – Research Snipers

Kuala Lumpur Summit 2019: Muslims Call For Own Currency Against Dollar

Kuala Lumpur Summit 2019

Malaysia has organized and hosted “Kuala Lumpur Summit 2019” from December 18, 2019, to December 21, 2019, the summit is a platform for Muslim leaders around the world to get together and discussed their core issues and foreign policies.

According to Aljazeera, there are five major Muslims issues that need to be addressed and discussed in the summit which includes; Rohingya Refugee Crisis, Uighur Mass Detentions in China, War in Yemen, Gender Inequality and Economic Disparity.

These issues are somewhat more of internal Muslim issues rather than foreign issues, though Uighur and Rohingya issues are considered external which has a greater impact on the Muslim world. Aljazeera has also highlighted Islamophobia and Poverty as major issues.

However, there were some censorious issues above than all that have been discussed during the summit, Turkish President Tayyip Erdogan and Iranian President Rouhani are on one page along with Malaysian Prime Minister Mahathir Muhammad which calls the Muslim world to abandon the foreign currencies and use your own national currencies for trade, The Nation reported. Rouhani also highlighted the need of launching its own cryptocurrency which could cut through the bureaucratic fluctuations of the market.

One currency for Muslim world or national currencies for mutual trade is the ultimate agenda of this summit at this time, according to The Nation, Mahathir Muhammad previously wanted to introduce Islamic for the Muslim world.

The event welcomed 400 Muslim leaders from 52 countries in which there were some significant absentees including Saudi Arabia, Pakistan, and Indonesia. Dawn reported that PM Imran Khan decided not to attend the summit after his visit to Riyadh last Sunday.   

The Game-Changing Decisions

Pakistan is running against the tide of game-changing decisions that needs support from a powerful nuclear country. Saudi Arabia has been serving its master’s interest since the fall of the Ottoman Empire the history speaks itself. PM Khan should have attended the Summit and assure their support for shifting from foreign currencies to national currencies or one currency for the Muslim world.   

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