2024-05-02 01:12:37
The Atlantic Council website said that Russia flooded the Libyan market with the equivalent of at least 10 billion dinars in banknotes, most of which was paid to Haftar’s forces and civilian officials, and also pumped other banknotes at the beginning of 2024.
The website indicated in an article that the Russians penetrated the lands and political environment of the Sahel countries with the specific goal of interfering in their internal affairs, and the destabilization extended to the economic region as well.
The website stated that during the war on Tripoli, Russia sent approximately 4.5 billion Libyan dinars in 4 shipments from February to June of 2019.
The website said that the power vacuum in Libya calls for external intervention and presents Russia as the most visible player in the region by deploying its forces and incursions at Haftar’s expense there.
The Central Bank of Libya’s Al-Bayda branch at the time, between 2016 and 2020, contracted with the state-owned Russian joint-stock company “Goznak” to print its copy of the Libyan dinar. Since 2016, the Central Bank of Al-Bayda has received cash from Russia exceeding 10 billion dinars, in clear violation of various international standards. And the Libyan banking law, according to Reuters.
Reuters noted in a report that a customs database it reviewed showed that 175 tons of banknotes were shipped from Russia to Libya in 2016, an increase of 24 tons over 2018.
According to Reuters, in February, March and June of this year, the Russian customs authorities released 3 batches of banknotes in denominations of 20 and 50 dinars to the parallel bank in Al Bayda, each of which was worth about one billion dinars.
Source: Atlantic Council website + Reuters
2024-05-02 01:12:37