threat to commercial relations with , panic in business circles

threat to commercial relations with , panic in business circles
threat to commercial relations with France, panic in business circles

INFO LE FIGARO – If the authorities were to confirm this measure, it would amount to a suspension of commercial relations between the two countries.

Alger

According to information collected by Le Figarothe Professional Association of Banks and Financial Institutions (Abef), a public institution serving as a voice for the authorities to regulate trade, summoned local banks on Monday, November 4 to inform them of a new measure: bank transactions. import and export, from and to , can no longer be processed.

The information was given verbally by an organization which has, on paper, no prerogative to make such a serious decision. Furthermore, no official note exists. But an unauthenticated document summarizing what was said during this meeting circulated widely in the French community, fueling the worst fears.

If the authorities were to confirm this measure, it would amount to a suspension of commercial relations between France and Algeria. Since decided, in July, to recognize Morocco's sovereignty over Western Sahara

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France

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