Central Bank of Libya denies funds in UK have been frozen

Alwasat - Cairo Mon 23 May 2022, 01:26 AM
alwasat radio

The Central Bank of Libya denied the authenticity of the rumors circulated by several channels and newspapers about the Bank of England freezing some of its funds held in the UK.

In a post on its official Facebook page, the Central Bank called on all media outlets to adhere to professionalism and objectivity, and to investigate accuracy and credibility.

Several days ago, some Libyan media circulated news of the Bank of England freezing three billion pounds from the assets of the Central Bank of Libya. According to these reports, the UK would seek to use frozen Libyan funds to pay compensation to Irish Republican Army (IRA) victims.

Muammar Gaddafi began supplying the IRA with weapons in 1972 and later authorized the smuggling by sea of a vast arsenal to Ireland, where the group hid the weaponry in bunkers.

It used much of the six tons of Czech-manufactured Semtex they were sent as the stable core explosive in hundreds of bombs, including truck bombs.

As part of Northern Ireland’s peace process, the IRA surrendered its Libyan provided arsenal — including an estimated two tons of Semtex — to international weapons experts in 2005.

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