Parliament approves Libya’s LD 303 billion Treasury debts – Central Bank to settle the debts by deducting 3% of the Treasury’s total revenues

Economist rejects fears over Libya debt settlement law

Libya’s House of Representatives has published a law authorising the settlement of public debt accumulated up to 2025, estimated at 303.4 billion Libyan dinars, prompting political and public debate over its potential economic impact. Under the law, the debt would be serviced through a mechanism allowing the Central Bank of Libya to deduct 3% from […] The post Economist rejects fears over Libya debt settlement law appeared first on Libyan Expres…

Parliament approves Libya’s LD 303 billion Treasury debts – Central Bank to settle the debts by deducting 3% of the Treasury’s total revenues

Libya’s Benghazi based House of Representatives (parliament – HoR) yesterday approved the existing public debt held by the Treasury up to 2025, amounting to 303 billion and 441 million Libyan dinars, and published it in the Official Gazette. According to the HoR the public debt consists of Treasury bonds or treasury bills, returns accrued to […] The post Parliament approves Libya’s LD 303 billion Treasury debts – Central Bank to settle the debts…