News In Brief
$91 million worth of gold leaves Chad every week heading to Libya
June 12, 2022 - 11:14
Written by: LibyaMohammed
Gold worth 57 billion CFA francs ($91 million) leaves Chad each week heading for Libya, the president of the Chadian Transitional Military Council, Mohamed Idriss Deby told state broadcaster Tele Tchad in an interview aired on June 9, according to the American agency Bloomberg.
“That’s enormous and it needs to stop,” Deby said, adding that the value of gold smuggled out of the country dwarfs Chad’s official gold exports, which amounted to about $200 million in 2020, according to World Bank Data.