clear

Creating new perspectives since 2009

Morocco campaign to boycott US products in solidarity with Turkey

August 14, 2018 at 12:40 pm

Umnia Bank, the first Islamic bank in Morocco [Twitter]

A Moroccan group on Facebook named “the national campaign to demand a real Islamic bank in Morocco” has launched a campaign to boycott US made goods and restaurants in response to Washington’s targeting of the Turkish currency and the US sanction against Turkey scheduled in the coming weeks.

The Turkish lira was trading sharply lower yesterday even after the country’s central bank announced measures to shore up the financial system amid warnings of a deepening crisis.

The lira fell by one fifth against the dollar last week alone.

Turkey’s economy has been under the threat of sanctions from the U.S. after President Donald Trump tweeted earlier this year that this would be a probable course of action if an American pastor, Andrew Brunson, was not freed from jail. Turkey has held the evangelist since 2016 on charges that he was involved in a failed coup attempt that year.

READ: Hope of improved US-Turkey ties helps lira rise against dollar