Between 1950s-1960s, Libya was among the poorest countries in the whole wide world. However since 1969 when Gaddafi became Libyan leader, he made Libya Africa's richest country with over $150 billion in foreign reserves with zero debt/budget deficit.

During Muammar Gaddafi's reign as Libyan leader, Libya had the strongest and most valuable currency in Africa. Libyan Dinar was also one of the strongest currencies in the world.

1 Libyan Dinar = $0.82781 as at 2011 before d western bloc orchestrated an anti-government protest in Libya, hijacked the protest with thousands of well trained & armed ISIS & Al-Qaeda terrorists whom they used as mercenaries to topple Gaddafi's Socialist Jamahiriya govt.

Gaddafi proposed the idea behind Libyan strong currency to AU, he wanted African countries to work together to create an African currency backed by African gold in order to strengthen our economy & to alleviate some struggling African countries from economic deterioration & poverty.

Libya had over 140 Tonnes of Gold and similar amounts in silver which could have been used to initiate the proposed African currency. All the gold have disappeared today and Libyan foreign reserves have diminished to an unprecedented level.