Gaddafi and the Gold Dinar. As many “conspiracy theorists” will claim, one of the real reasons to go to Libya was Gaddafi’s planned gold dinar. This plan was designed to provide the Francophone African Countries with an alternative to the French franc (CFA). “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. I don’t believe his real intention was gold dinars. He felt it … This plan was designed to provide the Francophone African Countries with an alternative to the French franc (CFA). 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. Gaddafi announced that Libya’s oil was for sale, but only for the Gold Dinar. He was looking for something else before 2011 revolution that saw the fall of Gaddafi. In 2009, Colonel Gaddafi, then President of the African Union, suggested to the States of the African continent to switch to a new currency, independent of the American dollar: the gold dinar. Libya was a wealthy and powerful country with many oil reserves, before Qaddafi’s death, his sidekicks and right-hand people in Libyan Government accumulated more than 143 tons of Sovereign Gold worth $6 billion.. Gaddafi invested his money in secret companies and made a deposit of some of his money in secret bank accounts. The wealth of Libya. Originally posted on The Muslim Times: May 3, 2019 The gold dinar: a groundbreaking initiative In 2009, Colonel Gaddafi, then President of the African Union, suggested to the States of the African continent to switch to a new currency, independent of the American dollar: the gold dinar. He wanted to introduce the Gold Dinar to back African currencies, so they could become free from the dollar. This plan was designed to provide the Francophone African Countries with an alternative to the French franc (CFA). Over in Libya, Muammar Gaddafi had instituted a state-owned central bank and a value based trade currency, the Gold Dinar. The Gold Dinar Before the fall of Tripoli and his untimely demise Gaddafi was trying to introduce a single African currency made of gold. The objective of this new currency was to…Gold Dinar:… 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. Gold Dinar: the Real Reason Behind Gaddafi’s Murder. May 3, 2019. He wanted to empower Africa. It goes on to say that Gaddafi had the intention of creating a pan-African currency which many believed would go against the Euro and the Dollar. According to the IMF, Libya’s Central Bank is 100% state owned and in 2011, it was estimated to have 144 tons of gold in its vaults. May 3, 2019 The gold dinar: a groundbreaking initiative In 2009, Colonel Gaddafi, then President of the African Union, suggested to the States of the Gaddafi was certainly not killed for humanitarian reasons. Following in the foot steps of the late great pioneer Marcus Garvey who first coined the term ”United States of Africa”. 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. Muammar Gaddafi’s plan was to introduce a gold-backed currency which he hoped African and Muslim nations would adopt. He had a plan to create a new African Union, based on a new African economic system. The gold dinar: a groundbreaking initiative.
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