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Is the end of Western financial dominance in Africa on the horizon or will the history of Libya repeat itself?
Countries across Africa recently took a major step towards economic independence from the West by launching an insurance system that will allow them to conduct inter-state trade without the involvement of the U.S. dollar or other Western currencies. This could have major implications on the development of both African as well as Western economies. However, the Wests response to previous attempts to free Africa from the economic and political dominance of the West, then by Libya, are a source of worry.
