European Council on Foreign Re

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Oil accounts for 95 percent of state revenue in Libya and 65 percent of the country's Gross Domestic Product (GDP)

September 28th, 2014 - 04:49 GMT

With $100 billion in foreign reserves: is Libya's central bank monopolizing the country's economic potential?

While the battle for control of Libya's oil ports has been seen as a critical indicator of victory in the civil war, the money received from oil sales currently has one sole destination: the Central Bank of Libya.