OBServers are of the view that Gadaffi's vision was dangerous and if carried out could cost "democracy exporting" countries their Monopoly over the African States. . The idea was to join African and Muslim countries to exclude Dollar and sell and purchase oil and other resources with gold backed currency. this policy was going to shudder the western hegemony. the intention of Gaddafi to convert Africa in "one market" with "one currency" other than Dollar spur on US, NATO, FRANCE and others to get rid of this dictator and place some puppet ruler so that the exploitation of this region could be ensured.
Bank of investment in Sirte and African Monetary fund based in Cameroon that was going to supplement IMF was pricking colonial masters of African States. ACCORDING TO IMF Libya's central bank is hundred percent state- owned and has the one hundred and 44 tons of gold. Changing currency or pricing oil other than Dollar could RAttle US in the Arab region for SAUDI ARABIA has an agreement with US to set dollar as a reserve currency. This policy as a whole could tilt balance of power in the favour of AF.
Bank of investment in Sirte and African Monetary fund based in Cameroon that was going to supplement IMF was pricking colonial masters of African States. ACCORDING TO IMF Libya's central bank is hundred percent state- owned and has the one hundred and 44 tons of gold. Changing currency or pricing oil other than Dollar could RAttle US in the Arab region for SAUDI ARABIA has an agreement with US to set dollar as a reserve currency. This policy as a whole could tilt balance of power in the favour of AF.
