The UN commissioned the reports in 2018 at the behest of Fayez Al Sarraj, who was Libyan prime minister at the time.
Libya’s Central Bank in Tripoli failed to account for the delivery of US$4.8 billion worth of local dinar banknotes from a British printing company, according to a leaked financial review, raising questions about where the money went.
Sarraj also intended them “to create the necessary conditions for the unification of Libyan financial institutions,” the reports say.including central banks, with each claiming legitimacy. The reviews, which cover the period from 2014 to 2020, expose possible violations of regulations by central banks on both sides of the conflict.In 2012, the U.K.-based company De La Rue won a tender conducted by the Central Bank in Tripoli to print its currency, according to one of the two financial reviews.
Andrew Feinstein, executive director of the London-based anti-corruption group Shadow World Investigations, said the report raises an important question: “Where did the printed cash go?”Neither the Finance Ministry nor Central Bank in Tripoli responded to emailed requests for comment, and the phone numbers on their websites were out of service. The email address listed for the prime minister’s media contact did not work.
Goznak, which was sanctioned by the U.K. and European Union in 2022, did not respond to an emailed request for comment in time for publication. A person who answered a phone call said a response could take weeks.
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