STC Accuses Aden Central Bank of Collusion with Sana’a, Refuses to Stop Printing Currency
The Southern Transitional Council (STC) a de facto authority in Aden attacked on Saturday, the central bank of Aden, accusing it of colluding with Sana’a authorities.
These accusations were coincided with reports of the Central Bank’s decision in Aden to stop printing currency outside the cash coverage.
A member of the Transitional Presidency, Lutfi Shatara, criticized what he described as the identification of the central bank of Aden with the policy of Sana’a. Referring to the bank’s decision to stop printing the local currency with its new papers.
Shatara pointed out that the council’s eyes are on the bank’s leadership, which it accused of failing to stop the currency’s collapse, warning from an escalation.
Shatara’s tweets came on the eve of reports that the International Monetary Fund imposed on Aden bank and Aden government to stop printing more banknotes. Considering it a severe blow to the currency, which is suffering from a continuous collapse.
The international monetary directives are part of arrangements to reunite the divided monetary policy since Hadi’s decision to transfer the central bank to Aden.
The transitional attack reflects the fears of the council, which has been acquiring billions of riyals of printed currency through armed robbery, of repercussions from any reforms, especially since stopping the currency is accompanied by pressure on the local authorities in the transitional areas to supply revenues to the central bank.
On the other hand, southern activists launched an unprecedented attack on the transitional government for ignoring Aden government’s decision to raise customs duties, and activists on social networking sites demanded the council’s authority in Aden to take an explicit position and not to evade the dose through a media statement.
Pointing out that the council should stop the levies imposed by its factions on goods in and outside the city of Aden.