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Posts Tagged ‘Moammar Gadhafi’

Wow That Was Fast! Libyan Rebels Have Already Established A New Central Bank Of Libya

March 30, 2011 1 comment

theeconomiccollapseblog.com

The rebels in Libya are in the middle of a life or death civil war and Moammar Gadhafi is still in power and yet somehow the Libyan rebels have had enough time to establish a new Central Bank of Libya and form a new national oil company.  Perhaps when this conflict is over those rebels can become time management consultants.  They sure do get a lot done.  What a skilled bunch of rebels – they can fight a war during the day and draw up a new central bank and a new national oil company at night without any outside help whatsoever.  If only the rest of us were so versatile!  But isn’t forming a central bank something that could be done after the civil war is over?

According to Bloomberg, the Transitional National Council has “designated the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and the appointment of a governor to the Central Bank of Libya, with a temporary headquarters in Benghazi.”  Apparently someone felt that it was very important to get pesky matters such as control of the banks and control of the money supply out of the way even before a new government is formed.

Of course it is probably safe to assume that the new Central Bank of Libya will be 100% owned and 100% controlled by the newly liberated people of Libya, isn’t it?

Most people don’t realize that the previous Central Bank of Libya was 100% state owned. The Read more…

Libya: Protesters, security clash in capital

February 21, 2011 Comments off

Associated Press

CAIRO — Protesters and security forces battled in the center of Tripoli as anti-government unrest spread to the Libyan capital and Moammar Gadhafi‘s son went on state television to proclaim that his father remained in charge with the army’s backing and would “fight until the last man, the last woman, the last bullet.”

Even as Seif al-Islam Gadhafi spoke Sunday night, clashes were raging in and around Tripoli’s central Green Square, lasting until dawn Monday, witnesses said. They reported snipers opening fire on crowds trying to seize the square, and Gadhafi supporters speeding through in vehicles, shooting and running over protesters. Early Monday, protesters took over the office of two of the multiple state-run satellite news channels, witnesses said.

The protests and violence were the heaviest yet in Read more…