The money has been used to fund infrastructure projects in the east following last year's devastating floods, the eastern government source and the banking source said. The money may also be used to finance Russian mercenary activity in Libya and the Sahel, the diplomatic source said. There was no immediate response from the Libyan National Army, which holds all of eastern Libya, to a Reuters request for comment. The diplomatic source said one of those issuances was of higher quality and was printed in Russia and imported. The Libyan banking source and the eastern government source both said an illicit dinar-printing operation was taking place in eastern Libya.

Source: Libya Today July 24, 2024 05:10 UTC