What happens to a country when its banks get cut off from SWIFT?

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What happens to a country when its banks get cut off from SWIFT? Anonymous Mon Nov 5 15:26:38 2018 No.11648419 [Reply] [Original]

>It can be crippled financiallybecause money transfer information can't be forwarded to its banks
>When a country's banks are cut off from SWIFT, it can't pay for imports and can't receive payment for exports

https://www.aljazeera.com/news/2018/11/swift-matters-iran-spat-181105172906627.html

Another reason Banks need LINK

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/biz/ - Business & Finance