Libya under Gaddafi

Circledot

Senior Lister
In the year 1951, Libya was the world's poorest country. Gaddafi made it Africa's most developed country with $150 billion foreign reserves & zero debt. Under Muammar Gaddafi, Libya had one of the world's strongest currencies. Libyan Dinar equalled $0.82781 in 2011. Gaddafi wanted to give all African countries the Dinar to strengthen their economies. He also had more than 140 Tonnes of Gold and similar amounts in silver which he wanted to distribute accross Africa to be used in trading.Libya under Gaddafi:
-Free health care
-Free Electricity
-Free housing, owning a house was considered a human right in Libya
-Free medicine
-Free Education in the country including for all Libyan students who were studying abroad.
-Free water, he built a riverInterest Free loans
-Newly weds received $50,000
-Mothers received $5,000 on birth on child.
-All citizens received a percentage of all oil sales
-Petrol was $ 0.14 per liter
-Government paid 50% of the price of your car.
Unemployed Libyans received the average salary of their profession.
These were the reasons why so many individuals wanted to travel to Libya for greener pastures, but now, reverse is the case.


Mamaafrica
 

Budspencer

Elder Lister
In the year 1951, Libya was the world's poorest country. Gaddafi made it Africa's most developed country with $150 billion foreign reserves & zero debt. Under Muammar Gaddafi, Libya had one of the world's strongest currencies. Libyan Dinar equalled $0.82781 in 2011. Gaddafi wanted to give all African countries the Dinar to strengthen their economies. He also had more than 140 Tonnes of Gold and similar amounts in silver which he wanted to distribute accross Africa to be used in trading.Libya under Gaddafi:
-Free health care
-Free Electricity
-Free housing, owning a house was considered a human right in Libya
-Free medicine
-Free Education in the country including for all Libyan students who were studying abroad.
-Free water, he built a riverInterest Free loans
-Newly weds received $50,000
-Mothers received $5,000 on birth on child.
-All citizens received a percentage of all oil sales
-Petrol was $ 0.14 per liter
-Government paid 50% of the price of your car.
Unemployed Libyans received the average salary of their profession.
These were the reasons why so many individuals wanted to travel to Libya for greener pastures, but now, reverse is the case.


Mamaafrica
Alifanya kazi buana.
 
Top