A declassified email sent on April 2, 2011 to then Secretary of State Hillary Clinton reveals the invasion of Libya was launched to prevent Muammar Gaddafi from establishing a pan-African currency based on Libya’s gold Dinar.
According to the document posted on the US State Department website advisors to Saif al-Islam Gaddafi, the second son of Muammar Gaddafi, told sources the Libyan government held 143 tons of gold and a similar amount in silver valued at more than $7 billion. The gold and silver was to be used to establish an alternative currency to the French franc for African Francophone countries.
A large numbers of Western Africa nations are former French colonies and many continue to hold French as the official language. Madagascar in East Africa is also a Francophone country.
“French intelligence officers discovered this plan shortly after the current rebellion began,” the email states, “and this was one of the factors that influenced President Nicolas Sarkozy’s decision to commit France to the attack on Libya.”
In addition to preventing Libya from breaking away from French monetary domination, Sarkozy wanted to “gain a greater share of Libya oil production,” increase French influence in North Africa and dash Gaddafi’s “long term plans to supplant France as the dominant power in Francophone Africa.”
During the invasion of Libya analysts argued Gaddafi planned to stop selling oil in US dollars and demand instead it be traded in gold dinars. Prior to the invasion Gaddafi urged other African and Middle Eastern nations to follow suit.