International Monetary Order and 0PEC’s Surplus Revenues: Its Implications for the Muslim World’s Developing Countries
Unpublished paper presented to the Second International Conference on Islamic Economics, Islamabad, March19-23, 1983. Excess petro-dollars should be used forthe economic development of Muslim countries. The Muslim countries should establish an OIC Monetary Fund to alleviate the balance of payments difficulties, to help solve their international liquidity problems, to eliminate restrictions on current transactions and to function as a Clearing Union among members of the OIC. Empirical. For Muslim economists. Based on primary sources. Documented.