International newspaper: catastrophic repercussions of a burning economic war that complicate the Yemeni file
English - Monday 05 July 2021 الساعة 07:25 pm
Aden, NewsYemen:
An international newspaper said that the mutual actions between the legitimate government in Yemen and the Houthi militias were reflected in the framework of a relentless economic war directly on Yemeni citizens, at a time when the militias insist on blackmailing citizens and the international community to achieve their agenda of empowerment and control of Yemen's capabilities through its banking and economic sector.
The Londoner had warned through economic experts of the catastrophic repercussions of the economic war raging between the Yemeni government and the Houthis, after it took a sharper turn against the background of the escalation of mutual measures after a sudden decision to seize the funds of Al-Tadamun Islamic Bank.
On June 29, NewsYemen revealed, through private sources, that the Houthi militia had taken the decision to seize the balances of Al-Tadamun International Islamic Bank, to pressure it, to hand it over one billion Saudi riyals, which the interim President Abd Rabbo Mansour Hadi deposited in a special account in 2012.
The document of President Hadi’s possession revealed an amount of 31,289,623,900 Yemeni riyals in a bank portfolio in Tadhamon Bank, and 636,221,984.25 Saudi riyals in a current account, in addition to 907,722,643.33 Yemeni riyals, in a third account for “Hadi”, in the same bank. It is a financial grant to Yemen, presented by the late Saudi King Abdullah bin Abdulaziz, but Hadi acquired it and deposited it in his name in the bank owned by the Hayel Saeed Anam Group.
Yemeni economic analyst Abdul Hameed Al-Masajdi told Al-London that the Houthi decisions aim at two things, one of which is to find a justification and a pretext to loot and search people's money, and to raid companies, banks and money exchangers to search for forged papers, as they claim. These measures are also aimed at blackmailing the legitimate government and the international community to allow the Houthi group to print quantities of banknotes or share printed papers with the government to confront the stifling liquidity crisis in their areas of control.
The Houthi group is seeking to create justifications and pretexts to push the banking sector towards failure and bankruptcy in order to facilitate its control, after it worked to establish a joint higher economic council of its leaders with some loyal businessmen, and also issued a circular to all traders providing it with all data related to the stock of goods. and merchandise and sales movement, as they exerted pressure to deliver their accounting systems.
The Yemeni political and economic researcher, Majed Al-Daari, warned of the danger of the economic war on the already deteriorating living situation of the Yemeni people, and the repercussions of this disastrous war that will come on the rest of the dilapidated banking sector in Yemen, noting that its harm is not limited to Tadhamon Bank or certain banks covered by those Houthi sanctions. Which aims to harm the dilapidated Yemeni economic sector in light of the continuation of the war and its repercussions on various aspects of life in Yemen.
Al-Da'ari explained that this war and measures are not consistent with the nature of the stage and do not take into account the conditions of the fragile banking situation, which calls for the need for all parties to agree to neutralize the banking sector to serve the public interest and save what remains of the value of the national currency and spare the afflicted Yemeni people the consequences of the continued collapse of the currency exchange with the approaching Exchange the dollar from the thousand riyals barrier for the first time, as this will mark the beginning of the countdown to the most dangerous collapse disaster
