NO. 23


Financial and Banking News

Regional Financing

Gulf Is Unlikely Destination for Bulk of Libyan Assets

The money which Libya has transferred out of some western countries, fearinga freezing of its assets, is unlikely to have been deposited mainly in Bahrainand the Gulf as some reports have suggested. More likely destinations are banksin Libya's main trading partners, such as South Korea, as well as traditionalcenters of discreet international banking such as Switzerland....