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Sunday, March 6, 2011

Ship carrying $160M of Libyan currency seized by UK...

U.K. seizes ship carrying $160M of Libyan currency
Posted by Knucklz at March 4, 2011 8:22 PM

A ship carrying about $160 million worth of Libyan currency has been impounded after turning back from a planned trip to Libya, a British government official said Friday.

The official said the ship — whose nationality and ownership she refused to identify — returned to Britain after its captain decided not to dock at Tripoli harbor because of the unrest there. The vessel returned to the port of Harwich in eastern England on Wednesday under escort by a Border Agency cutter, she said.financial casaulties."

A number of containers full of currency were moved from the ship to a secure location.

The official spoke on condition of anonymity because she was not authorized to speak on the record.

She declined to comment on the precise timing of the events leading up to the second currency seizure this week, but said that the ship left for Libya before the imposition of international sanctions. She also declined to comment on where the currency came from, although Britain is home to international printer De La Rue PLC, which produces over 150 national currencies. De La Rue declined comment Friday.

Britain has banned the export of Libyan bank notes in line with U.N. sanctions, and earlier this week the government announced the seizure of around $1.5 billion worth of Libyan currency which had yet to leave the country.
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