#US; #RepublicOfLibya; #CounterfeitLibyanCurrency; #CentralBankofLibya; #Russia
U.S. Dept of State, May 29 (Canadian-Media): Republic of Malta’s announcement May 26 of its seizure of $1.1 billion of counterfeit Libyan currency printed by Joint Stock Company Goznak and ordered by an illegitimate parallel entity was commended by the United States (U.S.), media reports said.
The Central Bank of Libya. Image credit: Facebook page
Joint Stock Company Goznak is a Russian joint-stock company responsible for research and development as well as manufacturing security products including banknotes, coins, stamps, identity cards, secure documents, etc.
The Central Bank of Libya headquartered in Tripoli is Libya’s only legitimate central bank.
The inundation of counterfeit, Russian-printed Libyan currency in recent years has aggravated challenges of Libya’s economy.
With its commitment to working with the United Nations and international partners, United States dissuades illicit activities that are inconsistent with internationally-recognized sanctions regimes as well as undermine Libya’s sovereignty and stability.
This incident once again highlights that requires Russia to bandon its malign and destabilizing actions in Libya.