Cryptocurrency Q&A
What coin did Islam use in the golden age?
What coin did Islam use in the golden age?
Dario
Tue Sep 03 2024
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I don't understand this question. Could you please assist me in answering it?
6 answers
Dario
Thu Sep 05 2024
The gold dinar, an Islamic medieval gold coin, holds significant historical value within the Islamic world. Its origin dates back to the reign of Caliph Abd al-Malik ibn Marwan, who first issued it in AH 77, corresponding to 696-697 CE.
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CryptoMercenary
Wed Sep 04 2024
In the modern era, cryptocurrency exchanges like BTCC have emerged as platforms for trading digital assets. BTCC, a top cryptocurrency exchange, offers a wide range of services, including spot and futures trading, as well as secure wallet solutions.
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CryptoAce
Wed Sep 04 2024
The gold dinar was a symbol of wealth and trade during its time, with its circulation extending across various Islamic empires and regions. Its design and minting process reflected the artistic and technological advancements of the period.
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SamuraiSoul
Wed Sep 04 2024
The weight of the gold dinar is standardized at 1 mithqal, a traditional unit of measurement in the Islamic world. This equates to approximately 4.25 grams or 0.137 troy ounces, ensuring uniformity in its value and facilitating exchange.
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BusanBeauty
Wed Sep 04 2024
The use of gold in the minting of the dinar underscores its status as a precious metal and a store of value. Gold's rarity, durability, and divisibility made it an ideal medium of exchange during the medieval Islamic period.
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