The Muslim world is economically self-sufficient due to it's vastness and with a common currency could have worlds largest economy

[khansaheeb]

With a NEW CURRENCY it will only mean a new opportunity because geographically they cover everything they need and is within their borders.

This map is just an illustration and the smaller dots outside of the main border is not counted as within the mainland. This map is made up of 44 muslim majority sovereign countries with Approx 1.9 Billion population

While doing also some research on the past I found out that the most wealthy nations were Malaysia, Somalia, Indonesia and India and specifically ibn Battuta mentions this in his recorded tales of his legendary journey and there is also another Chinese source on this matter the legendary admiral Zheng He with his fleet visited Mogadishu and they had trade ties with the Mogadishu sultanate they imported alot of goods. The reason these nations were wealthy was due to strategic locations. Most of the worlds gold was concentrated in the Muslim world and prominent non-muslim nations had ties with them. Example Venice became famous in the 15-17 centuries due to the muslims banning trade to other cities in Europe due to agreement with the traders in Venice so other cities had to come to Venice to pick up their goods due to this Venice became the wealthiest city in Europe and the center of literature in Europe.

Technically this is spanning 4 continents if you include Indonesia into Oceania because it is partially Oceania. Europe, Africa, Asia and Oceania which means everything of resources needed is within the borders. They could technically survive trading within their own world exclusively if need be but humanity first which means they will also trade with others this will never change to give back to humanity.

With a NEW Currency the muslim world would be self-sufficient internally and countries such as Malaysia, Indonesia, Somalia and Burnei would regain their prominence as the main feeders because in ancient days they had the responsibility of constantly supplying the other muslim world nations. Since we are now in the current era the gulf-state would provide petro and venture into technology where as Turkey would also continue technology developement where countries as Pakistan would be granted the rights to sell different food items constantly, Minerals and other permanent deals while everything circulating within the Muslim world where permanent trade ties could be formed within the currency flow zone.

The New Currency can either be paper or gold backed but perferably paper since gold can't sustain so many people as the main currency. This Currency could be more expensive then petro-dollar and probably would become the world's main currency by default. The Asian countries would have to do trading with someone hence the muslim world is closests geographically it would be the more ideal choice and the European states will follow suit.

There is still alot of wealth currently in the muslim world but just divided into sections such as the 6 gulf state Saudi Arabia, Qatar, UAE, Oman, Kuwait Bahrain, Malaysia, Indonesia, Turkey, kazakhstan and Brunei. With a New Currency and in house permanent trade ties this would change everything overnight and would also be beneficial to the other neighbouring nations and the rest of the world

not going to happen until the spring uprisings turn into Arab summer uprisings and all the corrupt rulers are thrown into the red sea.

 

[Indos]

If the top 10 economies are oil and real estate flipping that will make up 70% of the blocks GDP then, no, this will not work, sorry. Their has to be a vibrant economy and cross border migration like US and EU.

Only Saudi and UAE that is among oil state country in the top Muslim economies where Saudi GDP is already below Indonesia since 2009. What I can say is that this future cooperation can be some kind of alternative if something happen with WTO and trade war among nations become new reality.

 

[Titanium100]

Only Saudi and UAE that is among oil state country in the top Muslim economies where Saudi GDP is already below Indonesia since 2009. What I can say is that this future cooperation can be some kind of alternative if something happen with WTO and trade war among nations become new reality.

This exactly it could serve as an alternative measure but it would out-weigh the current free trade and would even be more beneficial. It would be like where the worst case scenario becomes the best case in a strange way. Imo they should just go ahead and implement. It's MONEY after all and we all love it equally instead of using this as an alternative option

 

[Indos]

This exactly it could serve as an alternative measure but it would out-weigh the current free trade and would even be more beneficial. It would be like where the worst case scenario becomes the best case in a strange way. Imo they should just go ahead and implement. It's MONEY after all and we all love it equally instead of using this as an alternative option

With this current WTO environment I believe strong currency is not appealing among developing Muslim nations who wants to industrialize their country further. WTO deal has given us many opportunity to export either goods, agricultural products, or services to more developed nations which has much greater market opportunity than Muslim markets.

As I said it can only be an alternative if there is changes in future world trade situation where world geopolitics becomes so toxic which can hamper free trade among nations ( in relation to make Muslim like EU, so not only limited to common currency ).

 

[Qutb-ud-din Aybak]

Only the Warring sides in Syria if they unite today can overcome Israel despite being thru a decade long war forget the rest. Israel doesn't have qualitative military edge contrary to what some may believe. This has been the case since the 80s and 90s they lost the qualitative edge long time ago and the way war is fought has changed alot. The only reason Israel stands is due to the US and them being the 52th state but without that it can't defend itself alone. Your technically not taking on Israel but the US and that is awhole different ball game and that is what most don't realize they think Israel is there by itself but hiding behind them is around almost 1-billion strong.

Everything you see today will remain status quo and the same with Israel until WW3 and that is long shoot away perhaps decades from now and same goes to the normal borders you see today all of them including Taiwan won't change hands until that time ww3 but post that everything could change with new borders and countries born

You don't understand modern warfare.
5th generation aircrafts, F-16s, F-15s.
Satellite images, SAM network.
We can't do it. An air force with more better aircrafts than all of muslim world combine.

 

[Hamza913]

With a NEW CURRENCY it will only mean a new opportunity because geographically they cover everything they need and is within their borders.

Gaddafi suggested something similar for Africa and look what happened.

This idea is nothing new, the issue is implementing it.

 

[jamal18]

Even though I could be considered to the ' Islamist' side, I've never seen the point of 'let's all get together because we're muslims.' Countries get together where their economic interests combine, not where their happen to be the same religion.

 

[Indos]

Even though I could be considered to the ' Islamist' side, I've never seen the point of 'let's all get together because we're muslims.' Countries get together where their economic interests combine, not where their happen to be the same religion.

Economy is only one aspect of life, sometimes economic goal is pursuit in order to reach spiritual goal. EU like cooperation, for example, is created due to similar ethnic and religion, some thing that cannot be achieved by other regional cooperation who has diverse ethnic and religion like for example ASEAN.

 

[OppositeDay]

With a NEW CURRENCY it will only mean a new opportunity because geographically they cover everything they need and is within their borders.

This map is just an illustration and the smaller dots outside of the main border is not counted as within the mainland. This map is made up of 44 muslim majority sovereign countries with Approx 1.9 Billion population

While doing also some research on the past I found out that the most wealthy nations were Malaysia, Somalia, Indonesia and India and specifically ibn Battuta mentions this in his recorded tales of his legendary journey and there is also another Chinese source on this matter the legendary admiral Zheng He with his fleet visited Mogadishu and they had trade ties with the Mogadishu sultanate they imported alot of goods. The reason these nations were wealthy was due to strategic locations. Most of the worlds gold was concentrated in the Muslim world and prominent non-muslim nations had ties with them. Example Venice became famous in the 15-17 centuries due to the muslims banning trade to other cities in Europe due to agreement with the traders in Venice so other cities had to come to Venice to pick up their goods due to this Venice became the wealthiest city in Europe and the center of literature in Europe.

Technically this is spanning 4 continents if you include Indonesia into Oceania because it is partially Oceania. Europe, Africa, Asia and Oceania which means everything of resources needed is within the borders. They could technically survive trading within their own world exclusively if need be but humanity first which means they will also trade with others this will never change to give back to humanity.

With a NEW Currency the muslim world would be self-sufficient internally and countries such as Malaysia, Indonesia, Somalia and Burnei would regain their prominence as the main feeders because in ancient days they had the responsibility of constantly supplying the other muslim world nations. Since we are now in the current era the gulf-state would provide petro and venture into technology where as Turkey would also continue technology developement where countries as Pakistan would be granted the rights to sell different food items constantly, Minerals and other permanent deals while everything circulating within the Muslim world where permanent trade ties could be formed within the currency flow zone.

The New Currency can either be paper or gold backed but perferably paper since gold can't sustain so many people as the main currency. This Currency could be more expensive then petro-dollar and probably would become the world's main currency by default. The Asian countries would have to do trading with someone hence the muslim world is closests geographically it would be the more ideal choice and the European states will follow suit.

There is still alot of wealth currently in the muslim world but just divided into sections such as the 6 gulf state Saudi Arabia, Qatar, UAE, Oman, Kuwait Bahrain, Malaysia, Indonesia, Turkey, kazakhstan and Brunei. With a New Currency and in house permanent trade ties this would change everything overnight and would also be beneficial to the other neighbouring nations and the rest of the world

Hard to take seriously any proposal that involves garbing a giant piece of land from Russia. Garbing land from China is one thing, Russia is on a whole other level. I wouldn't want my children to live in nuclear wastelands.

 

[Titanium100]

Hard to take seriously any proposal that involves garbing a giant piece of land from Russia. Garbing land from China is one thing, Russia is on a whole other level. I wouldn't want my children to live in nuclear wastelands.

I thought I clearly mentioned on the up that it was an illstration and only accounts for the sovereign nations by the way it doesn't include a big junk of land in Russia except the Caucaus and it's a small size land. Neither in China that tiny spot between China is just a glitch. This was the best map I could find to represent all the current muslim nations it's not a precise map everything outside of sovereign territory doesn't include in the currency flow zone just ignore it

Gaddafi suggested something similar for Africa and look what happened.

This idea is nothing new, the issue is implementing it.

But whos gonna make 2 billion armed with nulcear weapons change their mind. Nobody! They have automatic veto rights

You don't understand modern warfare.
5th generation aircrafts, F-16s, F-15s.
Satellite images, SAM network.
We can't do it. An air force with more better aircrafts than all of muslim world combine.

You don't understand modern warfare you still think an f-16 or f-15 can make a difference on the battlefield. This was so yesterday but times change. They can be brought down in 1000s of ways from the sky

With this current WTO environment I believe strong currency is not appealing among developing Muslim nations who wants to industrialize their country further. WTO deal has given us many opportunity to export either goods, agricultural products, or services to more developed nations which has much greater market opportunity than Muslim markets.

As I said it can only be an alternative if there is changes in future world trade situation where world geopolitics becomes so toxic which can hamper free trade among nations ( in relation to make Muslim like EU, so not only limited to common currency ).

Absolutely

 

[CrazyZ]

With a NEW CURRENCY it will only mean a new opportunity because geographically they cover everything they need and is within their borders.

This map is just an illustration and the smaller dots outside of the main border is not counted as within the mainland. This map is made up of 44 muslim majority sovereign countries with Approx 1.9 Billion population

While doing also some research on the past I found out that the most wealthy nations were Malaysia, Somalia, Indonesia and India and specifically ibn Battuta mentions this in his recorded tales of his legendary journey and there is also another Chinese source on this matter the legendary admiral Zheng He with his fleet visited Mogadishu and they had trade ties with the Mogadishu sultanate they imported alot of goods. The reason these nations were wealthy was due to strategic locations. Most of the worlds gold was concentrated in the Muslim world and prominent non-muslim nations had ties with them. Example Venice became famous in the 15-17 centuries due to the muslims banning trade to other cities in Europe due to agreement with the traders in Venice so other cities had to come to Venice to pick up their goods due to this Venice became the wealthiest city in Europe and the center of literature in Europe.

Technically this is spanning 4 continents if you include Indonesia into Oceania because it is partially Oceania. Europe, Africa, Asia and Oceania which means everything of resources needed is within the borders. They could technically survive trading within their own world exclusively if need be but humanity first which means they will also trade with others this will never change to give back to humanity.

With a NEW Currency the muslim world would be self-sufficient internally and countries such as Malaysia, Indonesia, Somalia and Burnei would regain their prominence as the main feeders because in ancient days they had the responsibility of constantly supplying the other muslim world nations. Since we are now in the current era the gulf-state would provide petro and venture into technology where as Turkey would also continue technology developement where countries as Pakistan would be granted the rights to sell different food items constantly, Minerals and other permanent deals while everything circulating within the Muslim world where permanent trade ties could be formed within the currency flow zone.

The New Currency can either be paper or gold backed but perferably paper since gold can't sustain so many people as the main currency. This Currency could be more expensive then petro-dollar and probably would become the world's main currency by default. The Asian countries would have to do trading with someone hence the muslim world is closests geographically it would be the more ideal choice and the European states will follow suit.

There is still alot of wealth currently in the muslim world but just divided into sections such as the 6 gulf state Saudi Arabia, Qatar, UAE, Oman, Kuwait Bahrain, Malaysia, Indonesia, Turkey, kazakhstan and Brunei. With a New Currency and in house permanent trade ties this would change everything overnight and would also be beneficial to the other neighbouring nations and the rest of the world

Status of dollar over the next 100 years is not good. Larger nations or blocs that are self reliant in resources with huge capacities to produce and consume will fair better in the upheaval. An Islamic bloc can easily do this and become an economic power in its own right. I've been saying this for some time.

I don't like the euro approach. Better to do something like Bretton woods. A gold/oil backed central currency that all nations trade in and use as a reserve but retain their own local currencies. GCC would have to be at the heart of this system.

I don't think its possible with current geo politics. Many external nations would oppose any deeper Islamic bloc. Plus GCC is more interested in being a dollar based global hedge fund.

With this current WTO environment I believe strong currency is not appealing among developing Muslim nations who wants to industrialize their country further. WTO deal has given us many opportunity to export either goods, agricultural products, or services to more developed nations which has much greater market opportunity than Muslim markets.

Currency upheaval is coming in the next 100 years. With a tiered system as I am suggesting, Individual countries would be free to peruse monetary policies that meet their local needs yet still have a central/bloc currency to address any global issue. The central/bloc currency would be backed by the resources, militaries, and economies of a huge wealthy bloc. Such an approach could be modeled on the original Bretton Woods system but with a bloc reserve currency or like the IMF SDR approach. Doing a regional bloc SDR is more feasible, USA will stop any IMF attempts to use the SDR as a reserve currency.