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.



Turkish Official: No Ceasefire Deal between Türkiye and US Backed SDF in Northern Syria

Members of Kurdish-led Syrian Democratic Forces (SDF) stand along a street, after opposition forces seized the capital and ousted Syria's Bashar al-Assad, in Hasakah, Syria December 11, 2024. (Reuters)
Members of Kurdish-led Syrian Democratic Forces (SDF) stand along a street, after opposition forces seized the capital and ousted Syria's Bashar al-Assad, in Hasakah, Syria December 11, 2024. (Reuters)
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Turkish Official: No Ceasefire Deal between Türkiye and US Backed SDF in Northern Syria

Members of Kurdish-led Syrian Democratic Forces (SDF) stand along a street, after opposition forces seized the capital and ousted Syria's Bashar al-Assad, in Hasakah, Syria December 11, 2024. (Reuters)
Members of Kurdish-led Syrian Democratic Forces (SDF) stand along a street, after opposition forces seized the capital and ousted Syria's Bashar al-Assad, in Hasakah, Syria December 11, 2024. (Reuters)

There is no ceasefire deal between Türkiye and the US-backed Syrian Democratic Forces (SDF) in northern Syria, contrary to a US announcement on the issue, a Turkish defense ministry official said on Thursday.
Türkiye believes that the Türkiye-backed Syrian National Army (SNA) forces will "liberate" areas occupied by the Kurdish PKK/YPG militia in northern Syria, the official also said.
The SDF is an ally in the US coalition against ISIS militants. It is spearheaded by the YPG, a group that Ankara sees as an extension of the outlawed Kurdistan Workers Party (PKK), whose militant fighters have battled the Turkish state for 40 years.