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Gaddafi regime sold 29 tons of gold

Posted By admin On September 8, 2011 @ 9:17 am In World News | Comments Disabled

London Independent [1]
Sept 8, 2011

The new governor of Libya’s central bank says the former regime sold about 20% of the country’s gold reserves to cover salaries amid the uprising that ousted Muammar Gaddafi.

Qassim Azzuz told reporters that Gaddafi’s regime sold 29 tons of gold to local traders in April, netting about 1.7 billion dinars (£870 million) for the then-embattled regime which was under UN sanctions.

Libya is believed to have about 145 tons of gold reserves.

Full article here [1]

 


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URLs in this post:

[1] London Independent: http://www.independent.co.uk/news/world/africa/gaddafi-regime-sold-29-tons-of-gold-2351337.html

[2] Resume Of The Day: Meet The Man Who Sold 1,300 Tons Of Swiss Gold: http://www.prisonplanet.com/resume-of-the-day-meet-the-man-who-sold-1300-tons-of-swiss-gold.html

[3] Citi: China Sold Their Treasuries Because They Want To Buy Tons Of Gold: http://www.prisonplanet.com/citi-china-sold-their-treasuries-because-they-want-to-buy-tons-of-gold.html

[4] Chart Of The Day: Chinese November Gold Imports Soar To 91 Tons; 2012 Total 720 Tons: http://www.prisonplanet.com/chart-of-the-day-chinese-november-gold-imports-soar-to-91-tons-2012-total-720-tons.html

[5] IMF Resumes Direct Gold Dumping, Sells 10 Tons Of The Shiny Metal To Bangladesh: http://www.prisonplanet.com/imf-resumes-direct-gold-dumping-sells-10-tons-of-the-shiny-metal-to-bangladesh.html

[6] Central Banks Purchase 127 Tons Of Gold In Q1: http://www.prisonplanet.com/central-banks-purchase-127-tons-of-gold-in-q1.html

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