I wonder who will be next?
If he wanted to found such a thing, he'd either have to do it alone or with some other countries. Alone doesn't make sense (he already had a central bank), so it must've been with others. It says "African". Do you really think the negotiations to found such a bank wouldn't be news?
Second, it says gold-backed. That's a promise to keep the price of gold fixed. If a central bank also attempts something else, such as keeping the exchange rates stable, then a fixed gold price is an invitation to speculators.
CBDCs aren't really in the news either. So yeah. It's not like reporting about rather complicated foreign financial affairs that's detrimental to US hegemony is well funded or that there's a big audience to be reached.
> [email dated April 2, 2011] "Qaddafi's government holds 143 tons of gold, and a similar amount in silver ... 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. This plan was designed to provide the Francophone African Countries with an alternative to the French franc (CFA)." […]
> "According to knowledgeable individuals this quantity of gold and silver is valued at more than $7 billion. French intelligence officers discovered this plan shortly after the current rebellion began, and this was one of the factors that influenced President Nicolas Sarkozy's decision to commit France to the attack on Libya. […]
> Gaddafi's threatened attempt to establish an independent African currency was not taken lightly by Western interests. In 2011, Sarkozy reportedly called the Libyan leader a threat to the financial security of the world. How could this tiny country of six million people pose such a threat? […]
> … another enigma remarked on by early commentators. Why, within weeks of initiating fighting, did the rebels set up their own central bank?
> "This suggests we have a bit more than a rag tag bunch of rebels running around and that there are some pretty sophisticated influences. I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising."
