Friday 16 September 2011

Libya seeks urgent release of $160bn - The National

Libya has called on governments to unlock faster US$160 billion (Dh587.66bn) of frozen assets linked to the former Qaddafi regime as it seeks to get its economy moving again.

The country has asked Arab central bank governors for financial assistance and technical support, said Abdulla Saudi, a representative of the Libyan central bank.

"There's been some good amounts [of assets unfrozen] to get things moving," he said. "Maybe we would like to see the speed at a better rate."

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