The efforts of the "transitional president" in Aden to save the riyal... and the efforts of the "transitional president" in Riyadh to save his head
English - Wednesday 11 August 2021 الساعة 08:50 am
Aden, NewsYemen, special:
The Yemeni riyal crisis is escalating in the liberated areas with the US dollar exchange rate exceeding the 1050 riyals barrier, amid the absence of any actual solutions by the government and legitimacy to stop this collapse, and the central bank in Aden is satisfied with issuing statements and talking about measures without any effect.
This absence prompted the Southern Transitional Council and its president, Aidarous Al-Zubaidi, to move and try to find solutions to stop the currency collapse. Al-Zubaidi held 4 meetings since the beginning of this month with the Association of Money Changers, branches of commercial banks, and with the Chamber of Commerce in Aden.
The last of these meetings was on Monday, which approved a number of decisions, most notably reducing exchange rates on a daily basis against foreign currencies until the actual price is reached, with the formation of a payments committee headed by the head of the Chamber of Commerce, and obligating bank branches and exchange shops not to transfer or deport foreign currency to the subject areas. Houthi militia control.
It was also agreed to allow internal transfers from the liberated areas to the non-liberated areas with a limit of (2000) dollars for each client, and to prevent buying and selling between money changers with each other and banks with each other, and to allow daily sales only within the limits of (100,000) Saudi riyals, provided that strict punitive measures are taken. against offenders.
The STC’s moves in Aden to stop the currency’s collapse are offset by a complete stagnation by the legitimacy and its leaders and government residing in Riyadh, to take practical measures towards the collapse of the currency and other files such as the recent collapse of its military fronts in Al-Bayda.
This was clearly evident, last Sunday, when President Hadi chaired a meeting of the National Defense Council, more than four years after holding its last session in April 2017, despite the military setbacks that legitimacy suffered during this period, with the loss of most of its most important military fronts to the Houthi militia in The North, the last of which happened in Al-Bayda.
Major military setbacks for 4 years did not prompt President Hadi to convene a meeting of the National Defense Council, which is concerned with “assessing the state of emergency, the state of war, and total or partial mobilization and taking measures in this regard in accordance with the constitution,” according to the law establishing it issued in 1991.
The law gives the council the powers to declare and administer war, supervise the readiness of the armed forces and conclude military agreements and others, and stipulates that “its meetings shall not be less than once every three months, provided that in the event of a declaration of general mobilization or the outbreak of war, it is considered to be held on an ongoing basis.”
However, the Council has held only 7 meetings since the start of the war in March 2015, four of which were in that year, and one meeting in the following two years 2016-2017 AD, and the last meeting came after 4 years, which raises the question about the real reason behind the meeting.
The contents of the news of the meeting, which was published by the official “Saba” agency, did not stray far from the constructional sentences repeated in the legitimacy meetings, and the meeting was devoid of any remarkable decision or position on the status of the military legitimacy fronts or about the severe economic crisis resulting from the collapse of the local currency price.
What is remarkable in the news is its reference to the expression “both the Vice President of the Republic, the Speaker of the House of Representatives, the Prime Minister and the Speaker of the Shura Council, expressed their happiness and gratitude for the sincere and doubling efforts made by His Excellency the President under exceptional and complex circumstances that the country has not witnessed in its contemporary history.”
This phrase exposes the real goal of the meeting, and that it came in response to the uproar caused by the tweet of former Foreign Minister Abu Bakr al-Qirbi, in which he said that the appointment of the new UN envoy comes “while discussing a solution to the Yemen crisis by transferring power to a new consensual vice president or by forming a Presidency Council.”
This tweet sparked the madness of those surrounding Hadi, and this was evident in the article published by the Speaker of the Shura Council Ahmed Obaid bin Daghr, which carried a veiled threat that harming Hadi could divide Yemen into more than two states, highlighting Hadi’s revival of the Supreme Defense Council as a desperate attempt by the man and his legitimacy leaders To prove his presence and influence in the scene.
