The UN Security Council has ordered the assets of Libya's central bank to be released to help the country's new government rebuild following the eight-month civil war against Colonel Muammar Gaddafi.
Libyan assets are being released for the rebuilding of the country after Gaddafi's 42-year rule Photo: AP Photo/Sergey Ponomarev
8:13AM GMT 17 Dec 2011
26 Comments
Billions of dollars under the control of Colonel Gaddafi were frozen by the Security Council in March following his brutal crackdown on protesters against his 42-year rule.
On Friday, the sanctions against the Central Bank of Libya and its subsidiary the Libyan Foreign bank were lifted, clearing the way for the return of more than £26 billion ($40 billion) to help as the new government rebuilds the country.
The US government also announced that it had rolled back most sanctions against Libya's banks, unblocking more than £19 billion ($30 billion) in assets.
William Hague, the British Foreign Secretary, is also pressing the European Union to release £6.5 billion ($10 billion) of assets that have been frozen in Britain.
Billions of dollars more in Libyan assets frozen elsewhere are also expected to be released.
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Mr Hague welcomed the decision by the UN Sanctions Committee to remove restrictions.
"This marks another significant moment in Libya's transition," he said.
"It means that Libya's government will now have full access to the significant funds needed to help rebuild the country, to underpin stability and to ensure that Libyans can make the transactions that are essential to everyday life.
"The UK has led the way in securing the release of these assets.
"We are now working to ensure that the EU will respond swiftly to this UN decision and will pass the regulation required to release about £6.5 billion frozen in the UK."
The Foreign Secretary called on Libya's transitional government to "redouble" efforts to build a "transparent and accountable financial system".
He added: "We will continue to work with the Libyan government and other nations to agree the steps required to remove remaining sanctions, so that Libya's assets can be used for the benefit of its people."
The assets of five financial institutions linked to Colonel Gaddafi were frozen in March by the Security Council in response to the violent reaction of forces loyal to the former dictator to protests against his regime.
The move helped restrict the finances of the former regime during the eight month civil war.
After Colonel Gaddafi's death and the end of the eight-month civil war in October, some financial restrictions against Libya were eased to allow a resumption of trading.
UN officials said that only around £2 billion ($3 billion) had reached the Libyan authorities due to concerns over who the money should be released to and other diplomatic problems.
The freeze on assets that the Central Bank and Foreign Bank held before March had also remained in place until the decision on Friday, which lifted the sanctions with immediate effect.
The White House said unfreezing the assets would give the Libyan government access to most of its worldwide holdings "and will help the new government oversee the country's transition and reconstruction in a responsible manner."
Libya is still subject to UN sanctions, including an arms embargo, and assets of the Gaddafi family and members of his regime remain frozen along with assets of several other financial institutions.
***
26 COMMENTS
serum
39 minutes ago
The UN did a great job, an estimated 30 thousand civilians killed and gangs of religious nuts on the rampage, where are the reporters now! no wonder syria won't let them into them in.
Will Locke
Today 07:43 PM
Since when was it the government's role to "build" a financial system?
Every time Mr Hague opens his mouth my opinion of him decreases
BeFreeForever
Today 06:09 PM
Watch how fast the banksters steal that money. This is why they wanted him gone, so he couldn't trade in gold and use the money for his own country.
Read:
http://www.amazon.com/Simple-W...
wanderingone56
Today 05:31 PM
This will be an interesting year in Libya. Having got a different form of government and, sometime in the course of the year, getting funds that will allow that government to act in the interests of its people, we shall see the real nature of that government (as opposed to the labels that people have been sticking on it).
I've enjoyed being in Libya and liked the people I met there. As cynical as I can be I hope that the new government and the funds that will be made available will make life better for those people
roythom
Today 05:23 PM
The American people, especially the under thirties, serving military and veterans, are forming strongly behind Ron Paul to fully audit and then free America from the FED, decouple from the UN, NATO, IMF and World Bank and any other foreign interference, free the American people from corporatism and restore America to its constitution. Despite the pitiful attempts by the mass manipulation media to sabotage his campaign, Ron Paul has a very good chance of becoming the next President. Within the last few days he has vowed to pursue a full FED audit to account for all the money and "find out who their buddies are." He has also been on the trail of American gold with the intention of exposing everything his House Committee finds. Victory in IOWA on January 3 will kick off a great year for freedom for Americans.
Which politician in Britain or the rest of Europe has the courage to take a parallel line? A full audit of the EU with 100% disclosure, a full investigation into the banks that received part of the $5 trillion "loaned" from the FED in 2008/9 alone, and a full audit trail of the funds British taxvictims(payers) have had to pay into the IMF and what happened to it, would be good places to start. Libya is just the tip of a dirty iceberg. of which the EU and NATO are a part. But as I said, who in Britain amongst our politicians has the courage?
Mmmm, nobody. I guess we will have to catch the tailwind of Ron Paul's peaceful American Revolution and follow later. At least the Americans are enjoying the ride. This very entertaining video of Ron Paul's appearance on the Tonight Show yesterday will give you a sense of the mood in the USA:
http://www.youtube.com/watch?f...
______ wanderingone56
Today 05:28 PM
"
Ron Paul has a very good chance of becoming the next President"
I hope you re-read this when you sober up and enjoy as much of a laugh as I did.
And what the blazes does it have to do with the story above?
______ roythom
Today 05:36 PM
Everything. As you will see from January onwards.
harbingerofdoom
Today 04:32 PM
Where's the gold?
210 tonnes at last count.
caribbeancritic
Today 04:28 PM
The NATO rats are far too busy slaughtering Blacks and Qaddafi supporters to bother with released funds from the banks, The Al-Qaeda brigade led by Bel-Hagge is the only one interested in these funds to supply his Al-Qaeda friends with weapons and funds to mount terrorist operations
salfordlad
Today 02:34 PM
the replacement of one set of corupt Bs for another
alah akbar
ps
is there not some sort of basic mechanism protocol procedure of accountability
Jabli Izvesti
Today 02:13 PM
The release of billions of the frozen funds is likely to intensify the sectarian war going on in Libya now for a share of the stuff.
bojimbo26
Today 12:47 PM
Gaddaffi was " a poor , 'umble man " .
no2nonsense
Today 12:32 PM
Now the looting of Libya begins in earnest.
And the Libyans still don't know who their leaders are as shown by the demo's in Benghazi.
The destruction of a society and rape of a country almost complete.
And the US has lost no time in the construction of 2 large military bases whilst re construction of the NATO destruction is hardly under way.
All so predictable. Lose lose lose for Libya.
______ bnarpalvr
Today 03:57 PM
And the US has lost no time in the construction of 2 large military bases"
Do you have a link for that?
aswasizziz
Today 10:27 AM
A few Libyan billionaires in the making.
HostileLogic
Today 10:12 AM
Take another journey...
http://video.abovetopsecret.co...
______ Social Trap
Today 10:48 AM
I have seen that video before, but there are no cross check references, which makes it unrealistic to give credibility.
____________ HostileLogic
Today 05:54 PM
This stuff is all over the Internet. The film has high credibility. I'm not going to spend time gathering it for you.
For a start, go to http://tarpley.net/docs/CTCFor...
Do your homework instead of just saying something doesn't have credibility simply because you have not done the legwork.
____________ paulw
Today 07:06 PM
Youtube video showing something similar.
http://www.youtube.com/watch?v...
We are all being gamed by the globalists.
sokrates
Today 10:04 AM
"
William Hague, the British Foreign Secretary, is also pressing the European Union to release £6.5 billion ($10 billion) of assets that have been frozen in Britain."
Here we have it in plain and simple truth - Britain must ask EU permission to release funds frozen in Britain. The ugly and unvarnished truth, now, is that Britain cannot even piss or shit without express permission from the EU
bogbeagle
Today 09:34 AM
Can any of you tell me whether there any limits to the assumed power of the UN?
It's starting to smell like the EU.
hodgeey
Today 09:14 AM
Shouldn't take long for them to stow the billions away for other purposes; the Libyans won't get any of it.
______ Social Trap
Today 10:49 AM
Yes. The insistance is to release the money so western contractors can get their hands on it.
____________ hodgeey
Today 11:24 AM
And politicians, and Al Queda?
_____________ Social Trap
Today 01:29 PM
Yes certainly. Probably after it has been launded through legitimate fronts, like rebuilding contracts
____________ hodgeey
Today 02:48 PM
Exactly.
_____________
What do you think ?
Các anh chị nghĩ thế nào, có ý kiến phê bình gì qua bài viết "Libyan central bank assets unfrozen to help rebuilding efforts" và 26 Ý kiến phê bình từ "26 COMMENTS" của độc giả ?
Và dân tộc VN đã và đang BỊ MẤT NƯỚC vào tay bè lũ phản quốc CƯỚP NƯỚC DIỆT CHỦNG BÁN NƯỚC đảng Việt gian cộng sản VN, đầu đảng là quốc tặc hồ chí minh, chừng nào mới đứng lên giật sập những hình tượng quốc tặc hồ chí minh (như dân Libya đã đạp lên đầu tượng độc tài Gadhafi), tượng những thằng trùm cộng sản ngọai bang đã và đang bị thế giới đạp đổ,(vất cả cái gọi là "chủ thuyết cộng sản" vào nơi phế thải của nhân lọai), lại vẫn còn làm ô uế đất nước Việt, đã và đang làm NHỤC Tổ Tiên Việt.
TỘI ÁC của bè lũ buôn nòi bán giống GIẾT DÂN HẠI NƯỚC Việt cộng này không còn chỗ chứa, thật là NHỤC cho những kẻ mang tiếng "chống cộng" nhưng chỉ dám làm "anh hùng rơm" hô hào đánh "tàu xâm lược" nhưng lại cúc cung quỳ lạy, lòn trôn bè lũ BÁN NƯỚC cộng sản VN, NGUYÊN NHÂN của mọi đau thương và hủy diệt trên đất nước VN.
Luận điệu "tàu cộng chắc chắn sẽ sụp đổ và việt cộng sẽ sụp đổ theo" của những ông bà bình lọan gia hải ngọai nghe bốc mùi, vi khuẩn vọng ngọai, đội giặc lên đầu, ngóng cổ chờ ngọai bang có lẽ đã ăn sâu vào máu của họ.
Bài Học MÁU XƯƠNG Ngày 30 Tháng Tư Năm 1975 và hàng bao nhiêu Bài Học MÁU XƯƠNG khác với bè lũ thú vật cộng sản VN mới đó mà các ông bà bình lọan gia này đã quên .
Họ luôn chê bè lũ Việt cộng "ngu dốt", nhưng conbenho lại thấy tội nghiệp cho những kẻ này, họ luôn dạy người khác chống cộng nhưng có lẽ họ chưa hiểu được cộng sản là gì, và nhất là họ chưa hiểu được bản chất của bè lũ súc sinh cộng sản VN.
Nhiều kẻ mở miệng là "đấu tranh cho tự do dân chủ nhân quyền cho dân tộc VN" nhưng hầu như họ nói câu trước thì họ lại nhổ vào câu sau . Họ không hiểu hay cố tình không hiểu, ngày nào bè lũ Việt gian cộng sản VN còn cầm quyền, còn ngồi trên đầu người dân VN, thì sẽ không có tự do dân chủ nhân quyền gì cả, mà dân VN chỉ tiếp tục làm những con vật NÔ LỆ cho bè lũ chó đẻ BÁN NƯỚC cộng sản VN.
Dân tộc VN không CHÍNH mình tự cứu mình thì tiếp tục làm nô lệ, chả có "phương tây" nào cứu dân VN cả.
Những Cuộc Cách Mạng LẬT ĐỔ cầm quyền độc tài đã và đang xảy ra ở Bắc Phi và Trung Đông cũng như trên tòan thế giới đã CHỨNG MINH điều này, không thể ngụy biện một cách hèn hạ như nhiều ông bà đội thù, vọng ngoại mà lại cứ đòi làm lãnh tụ . Thật tội nghiệp mà cũng thật đáng khinh bỉ.
Chân thành cám ơn Quý Anh Chị ghé thăm "conbenho Nguyễn Hoài Trang Blog"
Xin được lắng nghe ý kiến chia sẻ của Quý Anh Chị trực tiếp tại Diễn Đàn Paltalk: 1Latdo Tapdoan Vietgian CSVN Phanquoc Bannuoc .
Kính chúc Sức Khỏe Quý Anh Chị .
conbenho
Tiểu Muội quantu
Nguyễn Hoài Trang
18122011
___________
CSVN là TỘI ÁC
Bao che, dung dưỡng TỘI ÁC là đồng lõa với TỘI ÁC
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