Libyan banknotes denied illegality in Russia

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Libyan banknotes denied illegality in Russia

The manufacturer of the confiscated banknotes argues that the UN has not found any violations of the sanctions the supply of money in Libya.
Russian state-owned company Goznak denies illicit shipments of banknotes to Libya. As stated in the company’s statement on Saturday, May 30, the customs of Malta in 2019, delayed the shipment of banknotes of the Central Bank of Libya, violating international law.

Goznak argues that the manufactured banknotes are modified by a series of previous notes, and have a visual difference compared to them.

“Samples of these banknotes were approved by the representatives of the Central Bank of Libya in the prescribed manner, whereby the use of the term “counterfeit” in relation to these bills is unreasonable and unlawful,” the statement said.

It is also alleged that Goznak and the Central Bank of Libya have repeatedly tried to get an explanation of Malta regarding the detention of the goods with banknotes, but did not get clarification.

“The customs authorities of Malta for several months did not provide any explanation regarding the detention of the party banknotes, and in May 2020 responded with a statement, the contents of which significantly distorts the actual circumstances of the relationship of the JSC Goznak and the Central Bank of Libya,” – said in the message.

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The company claimed that the Expert Panel on Libya in the UN Security Council has not found any violations of the sanctions on the supply of banknotes of Libya. “Which in turn was reflected in the report of the Expert Committee in December 2019,” says Goznak.

Earlier, the State Department said that Malta confiscated Libyan currency worth $1.1 billion.