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Libyan dictator Muammar Gaddafi has been said to have attempt ed to sell state-owned gold reserves to pay for his protection and stir chaos among local tribes. Photo by new.sliven.net
Former Libyan Central Bank Governor Farhat Bengdara has said that Muammar Gaddafi will try to sell part of the country's gold reserves to pay for his protection and sow chaos among local tribes.
According to a report of BBC, Bengdara, who broke with the Gaddafi regime in February, told Italian daily Corriere della Sera that an ally of Col Gaddafi had offered 25 tonnes of gold to his friend "a little time ago.
Bengdara said that there were gold reserves worth USD 10 B in Libya's capital and the colonel could have taken some of that amount,
The former central ban governor also suggested that the dictator had escaped from Tripoli and was probably on his way to the Algerian border.
Regarding the Libya's recovery, he said that the country needed USD 5 – 7 B as a bridging loan to restart its banking system and to pay for imports.
"We don't need donors. Libya is a rich country", Bendagra declared, adding that all that was necessary was to unfreeze the state's assets through a U.N. Security Council resolution.
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Only 13 people survived and dozens remain missing after a vessel carrying 74 refugees, mostly from Sudan, capsized off the coast of Tobruk in eastern Libya on September 13, according to the United Nations High Commissioner for Refugees
In a pivotal decision with far-reaching implications, European Union ambassadors have reached a consensus on the management of frozen Russian assets
Russia has issued a stark warning to the European Union, threatening "decades of legal action" if the EU proceeds with plans to utilize proceeds from its frozen assets to support Ukraine
Hundreds of protesters are demanding answers to the causes of the catastrophic flooding that has killed thousands of people and left tens of thousands homeless
900 thousand people in five provinces of the country are directly affected by the disaster
A fragile ceasefire between the United States and Iran has coincided with escalating tensions over the Strait of Hormuz, where Iran has moved to tighten control over one of the world’s most critical maritime routes
US President Donald Trump has sharply criticized NATO allies over what he described as their unwillingness to support Washington during the war with Iran, following a two-hour meeting with Secretary-General Mark Rutte at the White House
Lebanon has declared a national day of mourning after one of the deadliest days in recent months, with at least 254 people killed and more than 1,165 injured in Israeli strikes carried out shortly after the announcement of a US-Iran ceasefire
The caretaker government has approved a decision endorsing the Partnership Agreement between the European Union and its Member States and the Mercosur bloc
Several Gulf states have reported missile and drone strikes on their territories just hours after the United States and Iran announced a two-week ceasefire agreement, raising fresh questions about whether the truce is holding on the ground
US Vice President JD Vance launched a sharp attack on the European Union during a visit to Budapest, accusing Brussels of interfering in Hungary’s election just days before a closely contested vote that could reshape the country’s political landscape
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