IRNA: President Mahmoud Ahmadinejad said here Saturday that Muslim world thinkers are capable of introducing a monetary and banking system independent of the current system dominating the world.
President Ahmadinejad told head of the Islamic Development Bank Ahmad Mohammad Ali that any decision and activities for establishment of a banking and monetary system being based on Islamic injunctions would have an impact on colonial approach of some states towards Muslim states.
Stressing that the monetary and banking system regulates relations among countries and is the basis for economic activities, Ahmadinejad said Muslim states have been facing some restrictions in acting on the monetary and banking system governing the world.
He went on to say that the monetary and financial system underway in the world were devised after World War II as a means for domination on other countries.
He said among restrictions which such financial and monetary systems have created for Muslim states are outflow of Muslim nations' wealth and achievements and usage of the financial and monetary mechanisms against Muslim world. President: Muslim thinkers can introduce independent monetary, banking system >>>
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