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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Gaddafi regime clan has GBP4bln in gold reserves, says IMF

Posted on 24 March 2011

The Gaddafi regime is sitting on gold reserves of more than $6.5bn (£4bn) which could potentially provide the funds to pay a mercenary army to continue fighting for months.
International Monetary Fund figures show that Libya holds about 143.8 tonnes of gold, putting it into the top 25 nations in terms of reserves held……………………………………….Full Article: Source


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