The House of Representatives (HoR) has approved a law to settle public banking debt owed by the public treasury over the period from 2014 to 2025, with a total value of 303 billion and 441 million Libyan dinars. The law covers treasury bonds and bills due to the Central Bank of Libya (CBL), in addition to temporary advances, interest-free loans, and the balance of suspended accounts held with the bank. Under the law, the CBL is authorized to settle these debts through specific mechanisms, most notably by deducting 3% of total public treasury revenues generated from oil, gas, and their derivatives.

Source: Libya Observer December 23, 2025 18:08 UTC