The Government of the Islamic Republic of Iran ostensibly takes this theory as fact. As retaliation to this policy, which is seen by Tehran as "neoimperialism", Iran made an effort to create its own bourse, which started selling oil in gold, euros, dollars, and Japanese yen. In mid-2006 Venezuela indicated "support" of Iran's decision to offer global oil trade in the euro currency. Muammar Gaddafi of Libya had tried to implement the gold-for-oil plan in 2011 and the introduction of a Libyan gold dinar.