Dr M: Value currencies against gold instead of US dollar (The Star, 18 January 2012)

KUALA LUMPUR: Go back to gold, former prime minister Tun Dr Mahathir Mohamad tells economies entangled in a financial crisis.

The world should re-look at valuing their currencies against the precious commodity instead of the US dollar, Dr Mahathir said at the International Conference on Global Movement of Moderates dinner yesterday.

He added that the price of gold had been rising while the US dollar suffered a devaluation.

If the world needed a new financial blueprint, said Dr Mahathir, reviewing the Bretton Woods system would be the best thing to do.

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