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The Daily Express quoted banking experts as saying that that many central banks hold their reserves in London, New York or Switzerland, but Gaddafi has always insisted that Libya's gold remains near his home in Tripoli.
Britain, the US and other European countries have already frozen billions of amounts in Libyan assets after sanctions paralysed the central bank, its sovereign wealth fund and the state oil company.
The experts now believe that Gaddafi might have transferred the gold near to the borders with Chad and Niger, where it could be swapped for currency.
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