Saturday, 25 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The Libyan Government has denied reports that it has withdrawn US$7 billion from its foreign currency reserves.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According to the communiqué, "The government has not withdrawn any money from its reserve funds for the past three months despite the fall in oil receipts estimated at about US$3 billion.”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
24-10-2014 | Tunisia: Tunisair to launch online check-in service soon

24-10-2014 |Tunisia: olive oil production triples

24-10-2014 | Tunisia: EBRD pledges € 120 million to finance projects

24-10-2014 |Tunisia: partnership opportunities planned in ‘’Sourcing Textile Days’’

22-10-2014 | Tunisia: BHN-1 well on the Bouhajla Permit plugged and abandoned

22-10-2014 |Tunisia will participate in Dubai international culinary competition