Tag Archives: Tobruk Parliament

Eastern Libya to launch its coins

Authorities in eastern Libya will circulate their own coins to ease shortages of money, a central bank official said. Another sign of dichotomy in the country that has two rival governments in east and west:  following ancient Cyrenaica and Tripolitania division.

Reportedly the new coins, made in Russia, will join Russian-made paper currency that has already been issued in the eastern half of the country, which is outside the control of the United Nations backing government based in Tripoli in the west.

Libya, once upon a time one of the richest countries in Africa, has faced a sharp decline in living standards since a 2011 NATO supported revolt, ending in assassination of Colonel Muammar Gaddafi.

The two rival governments and an array of armed groups are competing for control.

While the UN-backed government in Tripoli has struggled to control territory and make an impact, the east of the country has a separate cabinet with a prime minister, Tobruk parliament,  and a local branch of the central bank.

The new coins worth one Libyan dinar – about 75 US cents at the official rate but less than 12 cents on the black market – would be valid from November 2, replacing banknotes that are mostly worn out, said Ramzi al-Agha, head of the liquidity committee at the eastern central bank branch.

The coins are copper coloured, weigh slightly more than a two-euro coin or a new British pound and feature a picture of a plant native to eastern Libya’s Green Mountains, with the words “Central Bank of Libya”.

 

Colonel Gaddafi’s son liberated by militants

 

Said al-Islam Gaddafi –  the youngest son of the assassinated Colonel Gaddafi (+20.10.2011) the longstanding leader of Libya – has been realised by the supporters of his father, according to sources from Tobruk Parliament.

The mean stream media (MSM) does not inform about the detail of his liberation. According to the BBC sources,  Saif al-Islam Gaddafi, second son of  Col Muammar Gaddafi, is said to have been freed “under an amnesty”. His father’s preferred successor, he had been held by a militia in the town of Zintan for the past six years after Gaddafi’s assassination,

“The death of Muammar Gaddafi on the 20th of October last year in Syrte is one of the questions to be clarified. There is a serious suspicion that this act was one of the war crimes” – said Luis Moreno-Camp the General prosecutor of the International Criminal Court (ICC) commenting on the death  (Le Figaro, 16 December 2011). At the moment it is unclear is Saif Al Islam would launch a legal action to investigate the assassination of his father, casting a long shadow on the Western leaders, especially on former French President Nicolas Sarkozy and the UK Prime Minister Tony Blair.

The assassination of Colonel Gaddafi lead to collapse of the Libyan state, and taking over of the immense Libyan territories by multiple groups of jihadists  – the consequences the Western leaders have not foreseen, when they started to bombard Libya, violating  the UN resolution 1973. The assassination of Gaddafi, and subsequent collapse of Libyan state became a detonator of an ongoing #migrantcrisis in Europe.