With Gaddafi's international assets being frozen, Gaddafi is going to have a lot of trouble paying the soldiers who fight for him.
Muammar owes money to a lot of armed men, described as mercenaries from Chad. It's clear that he owes them money because Gaddafi wouldn't have paid
his mercenaries up front... If he did pay up front, those soldiers would have no reason to continue risking their lives for him, because they would
have already gotten their cash.
It's reasonable to conclude that Gaddafi is promising to pay his mercenaries later on. My question is, HOW?
Seize Libyan '£100m' Cash Ship
There is a military blockade of Libya's ports, preventing money from being brought in by ship from the North. Algeria is unfriendly to Gaddafi, and
won't allow money to be brought in from the West. It is impossible for Gaddafi to bring money from the East as well, because that territory is
controlled by the Libyan rebels. There is a huge desert to the South of Libya that is nearly impassible.
Basically, the only money Gaddafi has, is the money that is already in Libya.
But the dictator needs more funds as he offers his citizens cash inducements to stay loyal to his regime and allegedly hires mercenaries at
£18,000 a man.
His allies last week tried to grab £900million in Libyan currency from a warehouse in the North East where they are printed.
But the government employed a series of delaying tactics as they drew up a legal order banning the export of the notes.
Gaddafi is not allowing any money to leave his country, and the mercenaries that he hired are currently being paid a small fraction of the daily wages
that they have been promised.
What will happen when these mercenaries realize that Gaddafi is not going to pay them?