The Central Bank of Libya, assigned by the Presidential Council, announced that the value of revenues from the beginning of the year until the end of August reached 66.7 billion dinars, and public spending reached 59.6 billion dinars, with a surplus of 7.1 billion dinars.
The Central Bank, which was assigned by the Presidential Council, said in a statement that the public debt recorded in its books had been extinguished and had become “zero,” and the necessary book entries were being taken in this regard, according to him.
The Central Bank added that there are other oil revenues still in the National Oil Corporation’s account in the external bank that will be deposited later.
The Central Bank explained that foreign exchange revenues amounted to $13.5 billion, while the actual uses of foreign exchange amounted to $16.2 billion, with a deficit of only $2.7 billion.
The Central Bank, which was assigned by the presidency, indicated that the previous administration of the bank stated in a statement last month that it had spent $950 million from the bank’s reserves abroad, explaining that it had not found any spending or transfer orders, according to its statement.
The Central Bank also indicated that the total outstanding obligations in foreign currency until the end of August amounted to 6.12 billion dollars, including documentary credits in foreign currency, development project contracts, and obligations of the National Oil Corporation and the Electricity Company.
The Central Bank pointed out that the revenues collected from the fee imposed on foreign currency sales during the period amounted to 15.1 billion dinars.
Regarding the Central Bank’s profits, the statement explained that the profits were not disclosed due to the previous administration’s failure to adopt a transparent mechanism for disclosing and identifying them, adding that work is underway by the new administration to verify this and disclose it in the next statement, according to the text of the statement.
Source: Statement
2024-09-16 10:14:49