The Central Bank of Libya dismissed “rumors” about its financial data

The Central Bank of Libya (CBL) has formally dismissed what it describes as erroneous information and speculative reports regarding its recently disclosed financial statements. In a statement issued on its official Facebook page on September 19, the CBL highlighted that the data on public revenues and expenditures were published in full compliance with transparency protocols and applicable regulatory frameworks.

The bank affirmed that it possesses sufficient liquidity and financial resources to service the public debt, noting that these assets had not been disclosed by the previous administration.

The CBL further clarified that all financial accounts, including tax revenue and reserve funds, remain accurately recorded with no unauthorized accounting entries or fund transfers executed. The bank called upon relevant regulatory bodies to audit the records and systems for independent verification of these claims.

The statement also urged media outlets to uphold professional standards by refraining from disseminating inaccurate information, underscoring the necessity of sourcing updates directly from the CBL’s official communication channels. Furthermore, the bank reiterated the importance of maintaining the CBL’s independence from political disputes, ensuring that it continues to serve as a neutral financial institution that unites all Libyans and operates strictly in accordance with the Banking Law and its respective amendments.

This clarification follows comments from the dismissed CBL governor, Al-Siddiq Al-Kabir, who emphasized that resolving the public debt is a complex process requiring coordinated efforts from both executive and legislative authorities. Al-Kabir criticized the statement issued by the CBL’s current management, which was appointed by the Presidential Council, accusing it of misleading public opinion on the issue.