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Dedollarization
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===2000s=== In October of 2000, [[Republic of Iraq|Iraq]] announced it would price its oil sales in the Euro, moving away from the US dollar which [[Saddam Hussein|Saddam]] described as "the currency of the enemy."<ref>[https://www.cnn.com/2000/WORLD/meast/10/30/iraq.un.euro.reut/ "U.N. to let Iraq sell oil for euros, not dollars"] (2000-10-30). ''CNN''.</ref><ref>[https://www.theguardian.com/business/2003/feb/16/iraq.theeuro "Iraq nets handsome profit by dumping dollar for euro"]. ''The Guardian''.</ref> The United States invaded Iraq three years later in 2003, after which the oil markets were reverted to being priced in USD. In 2009, [[Muammar Gaddafi]], leader of [[Libya]] and President of the [[African Union]] at the time, suggested to the States of the African continent to switch to a new currency, independent of the US dollar: the gold dinar.<ref>[https://millenium-state.com/blog/2019/05/03/the-dinar-gold-the-real-reason-for-gaddafis-murder/ "Gold Dinar: the Real Reason Behind Gaddafi’s Murder"] (2019-05-03).</ref><ref>[https://www.africanexponent.com/post/7633-150b-reserves-and-0-debt-gaddafis-vision-for-a-debt-free-africa "How Muammar Gaddafi’s Vision for a Debt-Free Africa Led to His Death"] (2020-06-29).</ref> Two years later, in 2011, [[North Atlantic Treaty Organization|NATO]] invaded Libya and murdered Gaddafi.
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