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.



Syrians Recover Human Remains from Site Used by Hezbollah and Other Assad Allies

An aerial view taken with a drone shows members of the Syrian Civil Defense group, the White Helmets, loading human remains in body bags on a truck in the Sayyida Zeinab district of Damascus, Syria, 18 December 2024. (EPA)
An aerial view taken with a drone shows members of the Syrian Civil Defense group, the White Helmets, loading human remains in body bags on a truck in the Sayyida Zeinab district of Damascus, Syria, 18 December 2024. (EPA)
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Syrians Recover Human Remains from Site Used by Hezbollah and Other Assad Allies

An aerial view taken with a drone shows members of the Syrian Civil Defense group, the White Helmets, loading human remains in body bags on a truck in the Sayyida Zeinab district of Damascus, Syria, 18 December 2024. (EPA)
An aerial view taken with a drone shows members of the Syrian Civil Defense group, the White Helmets, loading human remains in body bags on a truck in the Sayyida Zeinab district of Damascus, Syria, 18 December 2024. (EPA)

The Syrian Civil Defense group, known as the White Helmets, uncovered at least 21 corpses as well as incomplete human remains on Wednesday in the Sayyida Zeinab suburb of the capital Damascus.

The discovery was made at a site previously used by Lebanon’s Hezbollah and Iran-backed Iraqi militias, both allies of deposed President Bashar al-Assad during the country’s civil war.

The site included a field kitchen, a drugstore and a morgue, according to Ammar al-Salmo, an official with the White Helmets, a volunteer organization that operated in areas that were controlled by the opposition.

Rescue teams in white hazmat suits searched the site, located not far from the revered shrine of Sayyida Zeinab. The remains were placed into black bags and loaded onto a truck as bystanders from the neighborhood looked on.

“Some (of the remains) are skeletons, others are incomplete, and there are bags of small bones. We cannot yet determine the number of victims,” al-Salmo said.

“Damascus has become a mass grave,” he said, pointing out the growing reports of war-related graves and burial sites in the capital and other places in Syria.

Iran and Hezbollah provided Assad’s government with military, financial and logistical support during the civil war.