Mrkelly
Platinum Member
- Mar 21, 2024
- 1,020
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Another cool storyLibya has had the Gold dinar since 1953.
Libya imports 90% of it's food and pays in dollars with electronic transfer. If they did business in gold, the interest would eat them alive.
They've also had central banking since 1953. The Internet is full of amateurs and assumptions.
And history lesson to boot
He wanted to make it into the currency for Africa
We wanted him to remain on the dollar
You said it yourself
“Libya imports 90% of it's food and pays in dollars with electronic transfer.”