This has been the kiss of death for leaders going back to Andrew Jackson. Qaddafi planned to create a high degree of economic independence with the new pan-African currency, which would lessen French influence and power in the region.
“…Qaddafi’s government holds 143 tons of gold, and a similar amount in silver…taken from
the vaults of the Libyan Central Bank in Tripoli.”
“This gold was accumulated prior to the current rebellion and was intended to be used to establish a pan-African currency based on the Libyan golden Dinar.”
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