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Entries in Michelle Faul (1)

Sunday
Jun052011

Libya Snapshot: Going Broke in Benghazi? (Faul)

Abdalgader Albagrmi's office sits above a vault piled high with gold. It's the dwindling pile of cash next to the bullion, however, that keeps the Libyan rebels' deputy Central Bank chief up at night.

As that pile shrinks, so too does the chance of funding and sustaining a revolution to oust one of the world's longest-serving dictators.

If the cash-flow problem "isn't solved in the next few days, there's going to be a problem here," Albagrmi said, speaking from his office in Benghazi, the northeast Mediterranean port that has become the rebels' de facto capital.

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