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.



Netanyahu Vows to Inflict ‘Heavy Price’ after Houthis Fire Missile at Central Israel

A general view of Tel Aviv, amid the ongoing conflict between Israel and Palestinian group Hamas in Gaza, in Israel, March 2, 2024. (Reuters)
A general view of Tel Aviv, amid the ongoing conflict between Israel and Palestinian group Hamas in Gaza, in Israel, March 2, 2024. (Reuters)
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Netanyahu Vows to Inflict ‘Heavy Price’ after Houthis Fire Missile at Central Israel

A general view of Tel Aviv, amid the ongoing conflict between Israel and Palestinian group Hamas in Gaza, in Israel, March 2, 2024. (Reuters)
A general view of Tel Aviv, amid the ongoing conflict between Israel and Palestinian group Hamas in Gaza, in Israel, March 2, 2024. (Reuters)

Prime Minister Benjamin Netanyahu said Israel would inflict a "heavy price" on the Iran-aligned Houthi militias in Yemen after they reached central Israel with a missile on Sunday for the first time.

Houthi military spokesman Yahya Sarea said the group struck with a new hypersonic ballistic missile that travelled 2,040 km (1270 miles) in just 11 1/2 minutes.

After initially saying the missile had fallen in an open area, Israel's military later said it had probably fragmented in the air, and that pieces of interceptors had landed in fields and near a railway station. Nobody was reported hurt.

Air raid sirens had sounded in Tel Aviv and across central Israel moments before the impact at around 6:35 a.m. local time (0335 GMT), sending residents running for shelter. Loud booms were heard.

Reuters saw smoke billowing in an open field in central Israel.

At a weekly cabinet meeting, Netanyahu said the Houthis should have known that Israel would exact a "heavy price" for attacks on Israel.

"Whoever needs a reminder of that is invited to visit the Hodeidah port," Netanyahu said, referring to an Israeli retaliatory air strike against Yemen in July for a Houthi drone that hit Tel Aviv.

The Houthis have fired missiles and drones at Israel repeatedly in what they say is solidarity with the Palestinians, since the Gaza war began with a Hamas attack on Israel in October.

The drone that hit Tel Aviv for the first time in July killed a man and wounded four people. Israeli air strikes in response on Houthi military targets near the port of Hodeidah killed six and wounded 80.

Previously, Houthi missiles have not penetrated deep into Israeli air space, with the only one reported to have hit Israeli territory falling in an open area near the Red Sea port of Eilat in March.

Israel should expect more strikes in the future "as we approach the first anniversary of the Oct. 7 operation, including responding to its aggression on the city of Hodeidah," Sarea said.

The deputy head of the Houthi's media office, Nasruddin Amer, said in a post on X on Sunday that the missile had reached Israel after "20 missiles failed to intercept" it, describing it as the "beginning".

The Israeli military also said that 40 projectiles were fired towards Israel from Lebanon on Sunday and were either intercepted or landed in open areas.

"No injuries were reported," the military said.