Moammar Gadafi Set of 2 Banknotes and 1 Coin with Story,Certificate and Album

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  • Item Category: Coins & Currency
  • Source: eBay
  • Sold Date: Nov 29, 2015
  • Channel: Auction House

Moammar Gaddafi Set of 2 Banknotes and 1 Coin with Story,Certificate and Album.


Colonel Moammar Gadhafi (b. 1942) was the ruler of Libya from 1969 until 2011, when he was killed during the Arab Spring revolution.

Born in the village of Qasr Abu Hadi, young Moammar was raised in a Bedouin tent in the desert. At the age of six, he was injured by a landmine left behind by the colonial Italian Royal Army, and watched as the blast killed two of his cousins. From that moment on, he was a staunch opponent of colonialism in all its forms, a belief system that would manifest itself later in his rigid anti-American, anti-capitalist, and anti-Zionist stances.

He was just 27 years old, a mere lieutenant in the army, when he assumed command of Libya in a bloodless coup. The young leader immediately went into action, closing American and British military bases and forcing oil companies to give Libya a much larger percentage of their profit. Gadhafi's brazen--and successful--negotiations with the oil companies inspired other OPEC countries to take similar action, contributing to the surging price of oil during the energy crisis of the 1970s. Much of the wealth was funneled into the coffers of his friends and family, whom he tapped to head key energy jobs. This bred a culture of corruption and entitlement.
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