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U.K. Flies $1.5 Billion to Libya

Cash from unfrozen Gaddafi assets.

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Daniel Berehulak / Getty Images

Libya will soon receive more than $1.5 billion in unfrozen Gaddafi assets. The cash windfall will be flown in from the U.K. after a decision made by the U.N. in New York. Once it’s in Libya, the money will be swiftly deposited into ATMs and banks, and will also allow Libyans who draw a government salary to be paid for the first time in weeks. The original order, which is about $1.8 billion in Libyan dinars, had been ordered from a British printing company by Gaddafi but blocked by Britain in March as the rebels' uprising began. Meanwhile, rebels claim that Gaddafi’s son Saadi is negotiating his own surrender.

Read it at BBC

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