Gaddafi sells 29 tonnes of gold in last days of his regime

Libya's central bank governor claimed on Thursday that Gaddafi had sold more than 20 percent of the country's gold reserves in the final days of his regime. Qassem Azzoz said Gaddafi sold 29 tonnes of gold, worth more than $1 billion, to local merchants. Azzos believes that the money has probably made its way out of the country. According to Bank officials, the gold is probably in neighbouring countries such as Tunisia. The bank's total assets stand at $115 billion, of which $90 billion is abroad. Azzoz has claimed that the sale was ostensibly to pay the salaries of government officials, especially in Tripoli. The International Energy Agency said the country's key oil exports are unlikely to return to their pre-war level before 2013.