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This page is the English version of Almasirah Media Network website and it focuses on delivering all leading News and developments in Yemen, the Middle East and the world. In the eara of misinformation imposed by the main stream media in the Middle East and abroad, Almasirah Media Network strives towards promoting knowledge, principle values and justice, among all societies and cultures in the world

UAE-backed Transitional Council Halt Deposits to Bank of Aden, Leading to Bankruptcy

Yemen: The UAE-backed Transitional Council halts deposits to the Bank of Aden from the cities it controls, a step that precipitates the bankruptcy of the bank which is already about to close.

It is possible that the dollar cost in the occupied cities will exceed 1,500 Yemeni riyals. It may jump to even more with no economic solution for the predicament of the Al-Alimi Council formed by Saudi Arabia.

Searching for options to avoid the economic, political and military collapse has reached a closed wall. The way to export oil and gas from the ports of Shabwa and Hadhramaut is prevented by drones and ballistic missiles as part of the wealth protection equation imposed by Sanaa more than eight months ago.

Attracting more European and American support, and even Saudi and Emirati support, also did not bear fruit. These countries, even if they are issuing statements of being concerned about the economic conditions and the deficit experienced by the Council and the government of Al-Alimi and Maeen, who is in exile, set conditions that cannot be implemented.

Despite these complexities witnessed by the tools that work in favor of the coalition of aggression by falling, the political and military conflict is at the forefront of the dark scene.

The transitional council, which split the pro-aggression into two halves following the announcement of a new leadership that included Al-Bahsani and Abu Zaraa Al-Muharrami, is working to monopolize the administration of the areas it controls, including economically, and to stop the supply of Aden’s resources to the bank as part of the procedures that began.

The American and European insistence on dealing with these groups as authorities of deliberate misleading and part of the attack on Yemen and the popular will for a political purpose related to the attempt to impose American hegemony.

The occupied governorates are experiencing a severe economic crisis in light of the accumulation of financial entitlements and the widening circle of looting and theft of the country's wealth and revenues by the mercenary authorities.

In exchange for its stability in Sana'a and the free cities, the riyal continued its collapse against foreign currencies, in Aden, and the exchange rate of the US dollar rose to approximately one thousand 370 riyals.

The depreciation of the currency led to an increase in poverty, hunger and the cost of living in light of the deterioration of public services such as electricity and water.

According to experts in the economy, the mercenary government will be unable to pay the salaries of employees in its areas of control during the coming months, while the largest percentage of citizens are unemployed and this group is most likely to face difficulty in providing food needs.

In front of this tragic reality, the pro-aggression Council is still watching and examining the economic damage, with Riyadh and the capitals of the countries of aggression, without moving a finger. However, the pro-aggression government did not give a solution, waiting for Saudi Arabia and the US to prevent collapse and fall.

And while the members affiliated with the UAE-backed transitional council are pushing to bring down the government, claiming that it failed to manage financial policy so that they could preside over it and control all its decisions in support of the partition project. The other side is betting on what they consider a Saudi-Emirati divergence that would solve the crisis and prevent one party from bullying the other.

In the midst of these projects, the US is openly working on all security, political and military levels to devote its presence to the oil-rich and wealthy areas and to implement the project of division and fragmentation.

 

#US_Saudi_Aggression #Economic War 23-06-16
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This page is the English version of Almasirah Media Network website and it focuses on delivering all leading News and developments in Yemen, the Middle East and the world. In the eara of misinformation imposed by the main stream media in the Middle East and abroad, Almasirah Media Network strives towards promoting knowledge, principle values and justice, among all societies and cultures in the world

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