News and Commentary

Libya Has Nearly $200 Million In Gold In A Safe. There’s Only One Problem.

Joshua Yasmeh

Libya is plagued by a massive financial crisis. No, not Puerto Rico or Detroit-style debt, but the kind of economic collapse you get from years of bloody civil war and carnage. Desperate for money, it has at least a temporary solution: approximately $184 million in gold and silver coins locked in a vault. Only problem is they don’t have the code to get in.

Islamist rebels and paramilitary groups have laid waste to vast swaths of Libyan land, establishing colonial outposts. There is no political infrastructure. Beneath the rubble, a handful of polities have emerged, staking claim to the war-torn banner of Libyan nationalism. While various factions lord over small municipalities, two primary governments have consolidated the most resources and territory to garner some air of regional legitimacy.

Got a tip worth investigating?

Your information could be the missing piece to an important story. Submit your tip today and make a difference.

Submit Tip