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Morocco suspends all banking transfers with Iran

Morocco suspends all banking transfers with Iran

The Moroccan government has decided on Saturday to suspend all banking transfers with Iran, announcing the halt of Iranian imports, including carpets and raw materials to Morocco.

Such a step comes following the US’ sanctions imposed against Tehran.

Local Moroccan newspapers revealed that Morocco's Ministry of Foreign Affairs warned the Moroccan Banking Association (GPBM) of the outcomes of dealing with Iranian assets and investments.

Noteworthy that US President Donald Trump has threatened America’s trading partners of repercussions if they do not halt trade with Iran.

“The Iran sanctions have officially been cast. These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level.


"Anyone doing business with Iran will NOT be doing business with the United States. I am asking for WORLD PEACE, nothing less!”, Trump declared on Twitter.

Last Modified: Saturday، 11 August 2018 03:02 PM