Libyan Central Bank Announces ‘Clearing’ of Public Debt

Tunisia’s Foreign Minister, Mohamed Ali Nafti meets with Stephanie Khoury, acting head of the United Nations Support Mission in Libya. (Tunisian Foreign Ministry)
Tunisia’s Foreign Minister, Mohamed Ali Nafti meets with Stephanie Khoury, acting head of the United Nations Support Mission in Libya. (Tunisian Foreign Ministry)
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Libyan Central Bank Announces ‘Clearing’ of Public Debt

Tunisia’s Foreign Minister, Mohamed Ali Nafti meets with Stephanie Khoury, acting head of the United Nations Support Mission in Libya. (Tunisian Foreign Ministry)
Tunisia’s Foreign Minister, Mohamed Ali Nafti meets with Stephanie Khoury, acting head of the United Nations Support Mission in Libya. (Tunisian Foreign Ministry)

Former Governor of the Central Bank of Libya Sadiq al-Kabir said he is confident of returning to his role at the bank, despite not providing a specific timeline.

Kabir, speaking from self-imposed exile in Istanbul, emphasized the legality of his position and accused the current administration of resorting to intimidation, including arrests and kidnappings of bank staff, to force their return to work.

Kabir also claimed that the bank’s dealings with 30 major international institutions have been suspended.

Meanwhile, the newly appointed Central Bank administration, selected by the Presidential Council, announced that Libya’s public debt has been entirely cleared, reducing it to zero.

In its monthly financial report, covering the period from the start of the year to the end of the previous month, the administration said it aimed to increase transparency and accountability in the bank’s operations.

It highlighted ongoing efforts to improve communication and ensure monetary and financial stability.

Asim al-Hajjaji, the head of compliance at the Central Bank, confirmed that the institution had regained stability with the return of all employees, Italian Nova Agency reported.

He noted that the bank is now focusing on aligning with international standards and boosting transparency, which has helped restore the confidence of international financial institutions.

The new administration is also working to re-establish ties with global banks and financial entities, he underlined.

On the diplomatic front, Tunisia’s Foreign Minister Mohamed Ali Nafti reaffirmed Tunisia’s support for UN-led efforts to resolve the Libyan crisis during a meeting with Stephanie Khoury, acting head of the United Nations Support Mission in Libya.

Tunisia offered to assist in facilitating dialogue and reconciliation efforts aimed at reaching a lasting political solution in Libya.

Khoury expressed her appreciation for Tunisia’s ongoing support and cooperation with the UN mission, emphasizing the country’s role in providing essential assistance to the mediation process.



Hezbollah ‘Can’t Be Allowed to Keep Lebanon Captive,’ Says US as it Slaps it with New Sanctions

Emergency responders secure the site of an Israeli strike in southern Beirut on March 28, 2025. (AFP)
Emergency responders secure the site of an Israeli strike in southern Beirut on March 28, 2025. (AFP)
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Hezbollah ‘Can’t Be Allowed to Keep Lebanon Captive,’ Says US as it Slaps it with New Sanctions

Emergency responders secure the site of an Israeli strike in southern Beirut on March 28, 2025. (AFP)
Emergency responders secure the site of an Israeli strike in southern Beirut on March 28, 2025. (AFP)

The United States issued on Friday fresh sanctions designating a Lebanon-based sanctions evasion network that supports Hezbollah’s finance team, which oversees commercial projects and oil smuggling networks that generate revenue for Hezbollah.

Such evasion networks bolster Iran and Hezbollah, undermining Lebanon, said the State Department. “As part of today’s action, the United States is designating five individuals and three associated companies, including family members and close associates of prominent Hezbollah officials.”

“This action supports the whole-of-government policy of maximum pressure on Iran and its terrorist proxies, like Hezbollah,” it added.

“The United States is committed to supporting Lebanon by exposing and disrupting funding schemes for Hezbollah’s terrorist activities and Iran’s destabilizing influence in the region,” it said.

“Hezbollah cannot be allowed to keep Lebanon captive. The United States will continue using tools at its disposal until this terrorist group no longer threatens the Lebanese people,” it vowed.