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dinar |
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dinar [[dee-]nahr] Noun a monetary unit of various Balkan, Middle Eastern, and North African countries [Latin denarius a Roman coin]
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It operates on a capital fund of 50 million Tunisian dinars, half provided by the state and half by private shareholders at 10 dinars a share. All managers of major banks in Baqubah agreed to apply practices that would lower interest rates on loans, encourage individual savings accounts, use electronic banking procedures and accept checks for reconstruction projects in Iraqi dinars rather than US dollars. While the international prices of record for crude oil may be denominated in dollars, there is nothing stopping buyers and sellers from making any kind of contract arrangements they want in whatever currencies they want--euros, zlotys, rubles, yuan, bolivars, gold dinars, whatever," comments Charles Featherstone, assistant editor of Oil Daily. |
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