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.



Syrian Defense Ministry Announces Completion of Military Operations Against Assad Loyalists

Members of the Syrian Security Forces stop vehicles at a checkpoint following violence that occurred in the previous days during clashes between government forces and supporters of the former Syrian regime, in Jableh town of Latakia, Syria, 09 March 2025. (EPA)
Members of the Syrian Security Forces stop vehicles at a checkpoint following violence that occurred in the previous days during clashes between government forces and supporters of the former Syrian regime, in Jableh town of Latakia, Syria, 09 March 2025. (EPA)
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Syrian Defense Ministry Announces Completion of Military Operations Against Assad Loyalists

Members of the Syrian Security Forces stop vehicles at a checkpoint following violence that occurred in the previous days during clashes between government forces and supporters of the former Syrian regime, in Jableh town of Latakia, Syria, 09 March 2025. (EPA)
Members of the Syrian Security Forces stop vehicles at a checkpoint following violence that occurred in the previous days during clashes between government forces and supporters of the former Syrian regime, in Jableh town of Latakia, Syria, 09 March 2025. (EPA)

A Syrian military operation against loyalists of ousted former President Bashar al-Assad has been completed, the defense ministry said on Monday. 

Hassan Abdul Ghany, the defense ministry spokesperson, said in a statement on X that public institutions were now able to resume their work and provide essential services. 

"We are paving the way for life to return to normal and for the consolidation of security and stability," he said. 

He added that plans were in place to continue combating the remnants of the former government and eliminate any future threats. 

Syrian interim President Ahmed al-Sharaa vowed on Sunday to hunt down the perpetrators of the violent clashes and said he would hold to account anyone who overstepped the new rulers' authority. 

Al-Sharaa's office also said it was forming an independent committee to investigate the clashes and killings carried out by both sides. 

Abdul Ghany added that the security forces would cooperate with the investigation committee, offering full access to uncover the circumstances of the events, verify the facts and ensure justice for the wronged. 

"We were able to absorb the attacks from the remnants of the former regime and its officers. We shattered their element of surprise and managed to push them away from vital centers, securing most of the main roads," he said. 

Syrian security sources said over the weekend more than 300 of their members had been killed in clashes with former army personnel owing allegiance to Assad in coordinated attacks and ambushes on their forces that began on Thursday.  

Syria's state news agency SANA reported on Sunday that a mass grave had been discovered near Qardaha, Assad's hometown, containing the bodies of recently killed security forces.  

The attacks spiraled into revenge killings when thousands of armed supporters of Syria's new leaders from across the country descended to the coastal areas to support beleaguered forces of the new administration.