Announcement

UN agrees unfreezing of 1.86bn Libyan Dinar of UK held banknotes

This news article was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Foreign Secretary William Hague: "This represents another major step forward in getting necessary assistance to the Libyan people."

Following today’s agreement from the UN Sanctions Committee to release 1.86 billion Libyan Dinar of UK held banknotes, the Foreign Secretary said:

“I very much welcome the unanimous agreement of the UN Sanctions Committee to the UK’s proposal to release over 200 million banknotes with a face value of Libyan Dinar 1.86bn to the Central Bank of Libya. This represents another major step forward in getting necessary assistance to the Libyan people, building on the remarkable progress in recent days. These banknotes, which were frozen in the UK under UN sanctions, will help address urgent humanitarian needs, instil confidence in the banking sector, pay salaries of key public sector workers and free up liquidity in the economy.”