Central Banking

UK jets deliver currency to Libya

The Central Bank of Libya, Tripoli

UK foreign secretary William Hague on Wednesday announced that 280 million dinars ($232 million) had been delivered to the Central Bank of Libya in Benghazi.

The Royal Air Force flew the "newly minted" banknotes in a secret operation. The money was part of a stock of 1.86 billion dinars printed in the UK, which were frozen under a United Nations Security Council Resolution at the start of the unrest in Libya in order to prevent them falling into the hands of the Gaddafi regime, before being

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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