Pakistan Libya arms deal
Fear grips Tripoli that the deal will wreck Libyan economy to a point of no return. It was behind closed doors earlier. Now, is being echoed even in diplomatic chatters.
Here's why.
Libya's Haftar - a militia leader, runs half the country. With enormous resources comes lots of money. And here, the money (or half of it!) disappears from financial system of the country.
Now, that "disappeared" money is being used to buy arms from Pakistan.
Why?
1. We need to understand that the money is coming back to the economy - through Pakistan and arms. Basically, black --> white.
2. The money that was "disappearing" was actually Dinars being printed by Russians.
3. Saudi is not paying for the arms. Of course, state of their economy in bad shape.
4. Pakistan is the only country that can accept such non-sovereign currency.
5. Why would Pakistan do that? Well, for its crypto project. It requires lots of Gold and cash. Libya has both.
6. Now, fears that the economy would crash, people in Tripoli Government are panicking. Voices are only growing stronger.
7. If Libya goes down, it is free for all. Especially, Turkey, Saudi Arabia & Qatar. A volatile region created. Now, on other side of Suez - against IMEC.
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