Sana’a – SABA | Report by Jamil Al-Qashm
In a move that further highlights its weakness and incompetence, the so-called Hotel Government has threatened to transfer the SWIFT system from Sana’a to Aden on April 2. This maneuver aims to mask its continued failure in managing economic affairs and to divert attention from the real crises affecting the occupied areas.
This failure comes amid a worsening economic situation in the occupied regions, with increasing protests and demonstrations reflecting public outrage over the deteriorating living conditions.
Citizens in these areas can no longer bear the catastrophic economic consequences of the soaring U.S. dollar exchange rate, which has reached unprecedented levels, making necessities such as water and electricity nearly unattainable.
Despite the severe economic crisis in the occupied provinces, the mercenary government, which operates from luxury hotels abroad, continues to justify these economic setbacks. It is attempting to exploit the recent U.S. decision to conceal its failures and lack of real solutions. Instead, it is using this decision as a tool for political retaliation that harms the people’s interests.
The Hotel Government does not stop there; it is also trying to ride the wave of the U.S. sanctions for its narrow political objectives. Meanwhile, poverty continues to rise across various regions, and as usual, it seeks to profit from crises rather than addressing the people’s suffering or improving living conditions.
This latest move aims to pressure banks and financial institutions to relocate to Aden. However, what the Hotel Government fails to realize is that this threat is nothing more than an empty gesture, built on its chronic failure in handling financial and economic matters, as well as domestic affairs in general.
Furthermore, this government continues to spread misleading narratives about U.S. sanctions and their alleged impact on the economy, using them as an excuse to cover up its inability to manage the ongoing crises plaguing people in the occupied areas.
When they speak about the impact of U.S. sanctions on oil derivatives, they conveniently ignore the fact that these sanctions are not new. Yemen has successfully navigated them for years. This government has provided no real solutions to alleviate the harsh living conditions in its controlled areas, instead clinging to empty slogans in a futile attempt to justify its ongoing failures.
On the other hand, the notion that transferring the SWIFT system to Aden will have a positive effect on the local economy is nothing but an illusion. The mercenary government, which is already grappling with currency depreciation and skyrocketing prices, will not be able to change its grim economic reality with such a decision. This move will only further complicate the situation.
The ongoing protests in the occupied areas serve as a strong indicator of the deep failure of this government, confirming that the people have completely lost confidence in its ability to provide real solutions.
Today, Yemen’s economic battle is one of resilience, planning, and preparedness to face challenges. Over the years, the leadership in Sana’a has demonstrated its ability to withstand blockades and sanctions, gaining extensive experience in economic resistance. It remains fully capable of addressing any economic fallout and will not stand idly by in the face of reckless attempts to destabilize the country.
While the mercenaries try to portray the SWIFT system transfer as an economic victory that will shift the balance in their favor, reality continues to prove otherwise. The stark contrast between the economic conditions in the occupied territories and those under Sana’a’s administration remains evident to all. The Hotel Government's attempts to cover up its economic failures will ultimately be in vain.
Economic experts affirm that transferring the SWIFT system to Aden will only lead to further failure. Meanwhile, Sana’a, with its strategic economic planning and crisis management experience, remains in a stronger position to withstand any economic pressures imposed on the Yemeni people.
Reports indicate that the economic hardship faced by citizens is not merely the result of war or external conspiracies but stems directly from the rampant corruption within the Hotel Government, which controls the country’s resources while the people suffer. Protests continue, demanding a dignified life and a truly independent government capable of providing services and safeguarding the rights of citizens—free from foreign control and the corruption of officials.
The grim economic reality, reflected in the collapse of public services in the occupied regions, confirms that the primary cause of the crisis is the utter failure of the *mercenary government* in managing resources and achieving economic development. The foreign occupation that dictates economic and political decisions in these areas has become the dominant force in shaping policies, with no genuine efforts to improve or change the situation.
E.M