VOL. XXXII

NO. 1

10-OCTOBER-1988

LIBYA

Libya and Turkey Sign Economic Protocol; Oil Payments to beIncreased

The Governors of the Central Banks of Libya and Turkey, Mr. Rajab Zarruq andMr. Rusdu Saracoglu, signed a protocol in Ankara on 18 September ensuringone-year term credit facilities for Turkish exports of around $500mn annually.Libya is to pay 45% of the cost in cash while the remaining 55% will be financedby loans from the Turkish Central Bank. In a press conference held after thesignature...