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http://www.dailysabah.com/economy/2...re-can-be-released-with-gold-erdogan-suggests
Pointing out the importance of taking steps to remove the pressure of international exchange rates, Erdoğan stressed that a participatory finance approach and a gold-indexed step in currency would be the right move, recalling that the volume of the Islamic finance market grew by 15 percent on average annually from 2009 to 2015 and that the size of global Islamic financing reached $2.1 trillion in 2015.
Urging the Islamic world to convert their currencies to gold, Erdoğan said the potential size of such a system is estimated to be around $7 trillion, much higher than the current figure. "I find it quite appropriate that this year's ministerial communion session's theme was 'the development of Islamic finance strategies in member countries.' This issue needs to be discussed here," Erdoğan said.
