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Central Bank Denies Billions Withdrawn from Reserves, Confirms Only $400 Million Used Amid $5.9 Billion Deficit

The Central Bank of Libya, in its monthly statement on revenue and public spending covering the period from January 1 to August 31, 2025, reported oil revenues and royalties deposited with the bank totaling $15.8 billion.

Meanwhile, foreign currency expenditures reached $21.7 billion by the end of August 2025, resulting in a deficit of approximately $5.9 billion. This deficit was covered by the Central Bank’s investment income from deposits and gold, as well as $400 million from reserves.

According to the statement, this means the Central Bank withdrew only $400 million from reserves, contrary to circulating claims of larger withdrawals.

The total foreign assets of the Central Bank during this period amounted to approximately $97.3 billion, compared to $95.5 billion at the end of 2024, indicating an increase in reserves.

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