News - Yemen: The Joint Meeting Parties (JMP) strongly condemned the economic escalation carried out by the mercenaries of the US-Saudi aggression, aimed at harming Yemeni citizens and destabilizing the national currency.

In a statement issued on Sunday, the JMP highlighted that this aggressive move by the Aden Bank, which is affiliated with the mercenaries, is an attempt to pressure the Yemeni people due to their prominent support for Gaza and Palestine.

The statement praised the Central Bank of Yemen in Sana'a for banning dealings with 13 banks and entities practicing illegal banking activities. This action is seen as serving the public interest by limiting the influence of external manipulators within the banking sector.

The JMP also lauded the effective operations of the Yemeni Armed Forces, particularly the recent targeting of the USS Dwight D. Eisenhower for the second time, along with an American destroyer and four other ships, in support of the Palestinian people and resistance.

On Tuesday, the Central Bank of Yemen (CBY) warned of the ongoing escalation targeting the banking sector, driven by directives from the Saudi regime and influenced by American and British orders. An official source at the CBY informed Saba News Agency that these renewed attacks on the banking sector, especially by the Central Bank in Aden, are a response to Yemen's stance against the genocide committed by Israel against the Palestinians.

In early April, the Saudi-backed government ordered commercial banks, Islamic banks, and microfinance banks to relocate their headquarters from Sana'a to Aden within 60 days. The Central Bank in Aden warned that banks failing to comply would face legal actions under the Anti-Money Laundering and Counter-Terrorism Financing Law.

Economists believe this decision is a punitive response to the Central Bank in Sana'a issuing a new 100 riyal coin to replace damaged paper currency. They argue the Saudi-led coalition has long aimed to force the Sana'a government to either accept the new illegal currency, causing inflation and burdening citizens, or face a cash shortage.

The coalition expected the old currency in Sana'a to run out, compelling acceptance of the new currency and causing a nationwide collapse of the Yemeni riyal. However, the new coin issued by the Central Bank in Sana'a has maintained currency stability and reduced inflation risks.

The United States is seen as driving the decision to pressure Sana'a regarding Gaza, with the Saudi-backed government using it to avoid peace obligations and disrupt the roadmap.
 

#Yemen #Aden #US-Saudi Aggression #JMP #Economic War About 3 months