Britain to release £1bn in Libyan assets

ALMOST £1 billion (€1.07bn) of Libyan currency held in Britain will be released to the country’s central bank after the UN Sanctions Committee approved the measure.

Some 1.86bn Libyan Dinar of newly printed banknotes were held in Britain under sanctions imposed on the Gaddafi regime.

Foreign Minister William Hague said: “This represents another major step forward in getting necessary assistance to the Libyan people, building on the remarkable progress in recent days.