LIBYA S ACTUAL CASH RESERVES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP84B00049R000200370033-9
• Release Decision: RIFPUB
• Original Classification: S
• Document Page Count: 1
• Document Creation Date: December 20, 2016
• Document Release Date: June 25, 2007
• Sequence Number: 33
• Content Type: REPORT

Approved For Release 2007/06/25: CIA-RDP84B00049R000200370033-9
I Libya's actual cash reserves are currently estimated at $12 billion
and Libya now spends about $3 billion a year for Communist weapons.
Washington has very little leverage over Libya's investment and financial
needs. An insignificant amount of Libya's reserves are in the U.S.,
mostly in government securities and short-term bank accounts. We know very
little about the location of Libya's official assets outside the U.S.
We assume about 3/4 are in European and Japanese bank accounts. An attempt
by the U.S. to block Libyan assets probably would lead to nationalization
of U.S. companies in Libya and trigger a storm of protest from U.S.
Allies and Arab countries.
II At the moment we have no information indicating that Libya is currently
pursuing its previous plan of assassinating high U.S. intelligence officials.
An envoy from Colonel Qadhafi has told us that these plans have been dropped.
At the same time we cannot verify the envoy's assertion with complete
confidence. It seems probable to us that Qadhafi is holding back on the
plans for tactical reasons. He may resume them at some future time.
The Libyans nevertheless continue their activities against the Sudanese
and have even stepped it up in response to their perception that President
Nimeri's current political troubles make him particularly vulnerable.
III Niger is probably the next priority target inside Africa and we have had
reports that the Libyans are organizing Nigerien dissidents to operate
against the country from bases inside Benin.
The Libyans continue to be interested in destabilizing Mali and
Senegal but we have had no reports of recent activity. We do have indications
of current Libyan interest in Togo and the Central African Republic, but
the report is fragmentary and the threat does not appear serious.
Approved For Release 2007/06/25: CIA-RDP84B00049R000200370033-9