(Washington Post) Howard Schneider and Steven Mufson - As its oil receipts slow and international sanctions take hold, the Libyan regime of Moammar Gaddafi can fall back on as much as $110 billion in foreign reserve holdings to fund its operations. Despite the freeze on Libyan assets imposed by the U.S., the UN and Britain, and being debated by the EU, at least in the foreseeable future, the effect on Gaddafi's regime may be limited.
2011-03-02 00:00:00Full ArticleBACK Visit the Daily Alert Archive