Main Article Content
Abstract
As the holder of the highest power, the government certainly has a series of strategies to design and realize the welfare of its people. The policies and development methods implemented are aimed at regulating and maximizing the country's economy. The government's role in the country's economy is realized through money spending policies and maintaining exchange rate stability. Therefore, exchange rate stability is very important in achieving price stability and the financial system. According to Ibn Khaldun, the government can make gold and silver the standard of value for money and monetary measures, so that they will be consistent in determining the price of money. Ibn Khaldun emphasized that if the economic system in a country is good and tries to maintain financial stability, it will have an impact on the existence and development of that country
Keywords: Monetary Policy, Islamic Economics, Ibn Khaldun.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).