When leader of Libya was killed, Libyan assets worth 150 billion US dollars were frozen worldwide
What happened to all that money and who is using that money, did it not belong to innocent Libyan citizens?
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https://www.reuters.com/article/idUSTRE7BF21N/
December 16, 2011 3:48 PM PSTUpdated 13 years ago
December 16, 2011 3:48 PM PSTUpdated 13 years ago
UNITED NATIONS (Reuters) - The U.N. Security Council lifted sanctions on Libya's central bank and a subsidiary on Friday, clearing the way for tens of billions of dollars they hold overseas to be unfrozen to ease an acute cash crisis.
The Central Bank of Libya and the Libyan Foreign Bank (LFB), an offshore institution wholly owned by the central bank, were taken off the council's sanctions list drawn up earlier this year amid civil war in the Arab state.
After a rebellion broke out in February against leader Muammar Gaddafi, the Security Council froze Libyan assets abroad, estimated at $150 billion. Most of that sum has remained beyond the reach of the oil-rich country's new rulers.
Gaddafi's 42-year rule collapsed when his forces fled Tripoli in August, and the last of the fighting in Libya ended in October when he was captured and killed by rebels.
The Central Bank of Libya and the Libyan Foreign Bank (LFB), an offshore institution wholly owned by the central bank, were taken off the council's sanctions list drawn up earlier this year amid civil war in the Arab state.
After a rebellion broke out in February against leader Muammar Gaddafi, the Security Council froze Libyan assets abroad, estimated at $150 billion. Most of that sum has remained beyond the reach of the oil-rich country's new rulers.
Gaddafi's 42-year rule collapsed when his forces fled Tripoli in August, and the last of the fighting in Libya ended in October when he was captured and killed by rebels.
DeWayfarer · 61-69, M
@mysteryespresso Thank you for the BC.
@DeWayfarer you’re welcome
hippyjoe1955 · 61-69, M