House of Representatives (Tobruk): Libyan currency seized in Malta was issued legally

Alwasat - Cairo Tue 02 Jun 2020, 02:40 PM
alwasat radio

The Libyan House of Representatives Foreign Affairs Committee in Tobruk has asked the authorities in Malta for a legal explanation of their seizure of a shipment of Libyan currency printed in Russia.

The committee confirmed in a statement issued Monday, that the procedures for printing Libyan currency that took place in 2016 are in line with the Libyan legislation and does not contridict any international treaty.

The statement also expressed surprise at US State Department comments regarding the seizure saying that "it implies that the printing process took place illegally."

Last Friday, the US State Department disclosed that the Maltese government confiscated $1.1 billion in Libyan currency and described it as "counterfeit," pointing out that it had been printed by a Russian state-owned company.

In its statement, the US State Department praised the Maltese government for confiscating the amount, confirming its commitment to work with the United Nations and international partners to deter activities that "undermine the sovereignty and stability of Libya."

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