When Gadhafi Falls, Does Libya’s Gold Get Leased at 1% per Year? Or Does It Go Straight to Morgan Chase (Exchange Stabilization Fund)?

By Jack Farchy and Roula Khalaf

The international community has hit Mommar Gadhafi with a raft of sanctions and asset freezes aimed at cutting off his funding. But the embattled Libyan leader is sitting on a pot of gold.

The Libyan central bank — which is under Colonel Gadhafi’s control — holds 143.8 tonnes of gold, according to the latest data from the International Monetary Fund, although some suspect the true amount could be several tonnes higher.

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Related reading:

Exchange Stabilization Fund
Wikipedia

Kadhafi ‘Hoarding Billions in Tripoli’
France24 (10 March 11)