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Absolutely not. The Mufti is of the opinion that a woman has to wear an outer cloak (abaya) although an older woman (as in the definition he provides) does not have to wear an abaya but still has to observe the rules of hijaab (i.e. covering everything except for the face and hands, clothes that do not reveal the figure due to tightness or transparency, etc). She does not have to wear niqaab either (which is waajib on a woman otherwise). So basically, everyone, no matter if they are old or young has to wear hijaab

Good explanation.

This relaxation is meant for Niqab which is a part of Hijab.

Hijab means to cover everything except hands and feet.
Niqab means to cover face, hair and head too.

The above verse tells that older woman can leave Niqab because of their old age.

But if they have beautified their faces with adornments then they cannot leave Niqab too.