Open AccessCurrency and the Stability of People's Purchasing Power in Indonesia through Al-Maqrizi's Review
Author(s) -
Mirza Purta Ashari
Publication year - 2021
Publication title -
journal of islamic civilization
Language(s) - English
Resource type - Journals
eISSN - 2657-1013
pISSN - 2657-1021
DOI - 10.33086/jic.v3i1.1787
Subject(s) - barter , currency , purchasing power , monetary base , economics , monetary policy , monetary economics , money measurement concept , money supply , monetary system , element (criminal law) , government (linguistics) , endogenous money , velocity of money , market economy , macroeconomics , political science , law , linguistics , philosophy
The presence of money has become an important part of people's daily lives, as well as the purchasing power of the people as an important element in the smooth economic cycle. The emergence of money came from the development of transactions that initially used barter which was later replaced by currency as a medium of exchange for international trade. Money management can be done by the government by controlling money in the form of monetary policy. This policy was a benchmark for a country's economy, when the state was able to control money well, the people's economy was also prosperous. The qualitative descriptive approach was used in this study. This article tried to provide views and discussion material to what extent the concept of monetary policy according to Al-Maqrizi and the implementation of his thinking was used in policymaking on people's purchasing power. The result of this research was that the concept offered by Al-Maqrizi was a concept of money that led to a moral, just, humane, and prosperous economy.The presence of money has become an important part of people's daily lives, as well as the purchasing power of the people as an important element in the smooth economic cycle. The emergence of money came from the development of transactions that initially used barter which was later replaced by currency as a medium of exchange for international trade. Money management can be done by the government by controlling money in the form of monetary policy. This policy was a benchmark for a country's economy, when the state was able to control money well, the people's economy was also prosperous. The qualitative descriptive approach was used in this study. This article tried to provide views and discussion material to what extent the concept of monetary policy according to Al-Maqrizi and the implementation of his thinking was used in policymaking on people's purchasing power. The result of this research was that the concept offered by Al-Maqrizi was a concept of money that led to a moral, just, humane, and prosperous economy.