May 25, 2009 / 9:11 AM / 9 years ago

Libya expects reserves at $136 billion this year: paper

Stacks of one hundred dollar notes are piled up at the Korea Exchange Bank in Seoul, October 16, 2008. REUTERS/Lee Jae-Won

TRIPOLI (Reuters) - OPEC member Libya expects foreign currency reserves to reach $136 billion this year from around $100 billion in the previous year, Libyan daily Oea reported on Monday.

“Foreign currency reserves are likley to reach $136 billion this year,” Oea quoted Libya’s Central Bank Research and Statistics head Ali Ramadan Shnebesh as saying.

Libya earns most of its foreign currency from oil exports. Its foreign reserves were at around $100 billion last year, according to government officials.

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