new Euro currency at the expense of the United States Dollar. At this point, the U.S. was highly insecure about the effects of the new currency to its economy. Hussein’s decision to sell oil in the then new currency was a blow to the U.S. worsened by the proclamation that the dollar was the “currency of the enemy”. Currency wars have therefore been a fact of history with the Hussein situation being a peculiar intra-Western conflict that culminated in the Middle East instability promulgated by U.S. interventionist policies. That Qaddafi would be killed for planning to introduce an African currency to the fray is not surprising but that does not make it acceptable.
The leaked Clinton email has far-reaching implications on the fluid state of post-colonial relations with the West. If anything, it is an eye-opener. Where Africa seeks to build an independent economic structure, the West is seen to try and derail those plans so as to retain its primacy in world affairs.
With regard to the creation of a new currency, Ministry of Peace Founder, Dr James Thring said, “It’s one of those things that you have to plan almost in secret, because as soon as you say you’re going to change over from the dollar to something else, you’re going to be targeted.”
And Qaddafi was targeted. He may not have been the most democratic leader in the world but Libyan citizens had arguably the best way of life in Africa. His plan of action (without the human rights violations) should be a blueprint for African development.
