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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Libyan government denies withdrawing US$7bln foreign reserves

Posted on 09 December 2013

The Libyan Government has denied reports that it has withdrawn US$7 billion from its foreign currency reserves.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………………………………………..Full Article: Source


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