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IPFS News Link • Energy

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

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 afterthe 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.

2 Comments in Response to

Comment by tittiger
Entered on:

I think it is a lot more than oil is at stake and it is the oligarchs that want it.  

They want to own the people of Libya just like they own the people of the US through indebtedness to the Federal Reserve.

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Comment by Olde Reb
Entered on:

Banks can be set up with a phone and fax machine. Who do you think is supplying arms to the rebels ?  Not that I like whats-his-name. He is almost as bad as what we have had in DC for 40 years. The CIA/IMF has been wanting Libyan oil for decades. 

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