African Hub@AfricanHub_
Africa is divided into over 55 countries, with different currencies. This makes it hard for trade between African countries.
If I wanna buy Cocoa from Ivory coast, I'll have to change my money into US dollars (giving US 5-10% of my money), they I will probably have to turn the dollars into euro, losing another 5-10% of my capital to eur0pe, then change my euro into ivorian franc, again losing another 5-10% of my money to the french treasury.
If I started with about South African rand of 1000, by the time I am purchasing cocoa in Ivory coast, my money will be worth only rands 650 to 700, the other rand 300 will be in the hands of US and Europe.
Gaddafi wanted to get rid of this and replace it with Gold DINAR (An African currency) for doing business in Africa without changing the value
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