TRIPOLI (AFP) – Former Libyan leader Muammar Kaddafi sold around 20 percent of Libya’s gold reserves, worth more than $1 billion, in the final days of his regime, the country’s central bank governor said on Thursday.
Qassem Azzoz said 29 tonnes of gold — worth 1.7 billion dinars — were sold to local merchants beginning in April as the sanctions-hit regime sought to gather much-needed cash.
The price represents a significant discount on current international spot prices.
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