Wednesday, 01 October 2014

Subscribe Unsubscribe

Libyan government denies withdrawing US$7bn foreign reserves

The Libyan Government has denied reports that it has withdrawn US$7 billion from its foreign currency reserves.

It has also denied taking a loan from the World Bank to finance its budget deficit caused by the fall in oil receipts.

A communiqué published by the Finance Ministry on Friday night described the reports as "false" and called upon the media to adopt a professional approach while delivering their job.

Some media houses have attributed these reports to the Deputy Governor of the Libyan Central Bank who has since denied making such a statement.

According to the communiqué, "The government has not withdrawn any money from its reserve funds for the past three months despite the fall in oil receipts estimated at about US$3 billion.”


News
29-09-2014 | Tunisia: government defers negotiations on wage increases to 2015

29-09-2014 |Tunisia: EBRD, FIPA to organize conference on business climate and investment

28-09-2014 | Tunisia: Jasmin Airways receives agreement in principle from regulators

28-09-2014 |Tunisia: city of Hammamet to host ‘’Tunisia Awards’’ Sept. 27

25-09-2014 | Tunisia: coverage rate of textile and clothing sector reaches 141%

25-09-2014 |Tunisia: Co-Development & Investment Consortium allocates $ 200 million