To End the Occupation, Cripple Israeli Banks

Bookmark and Share

Terry Crawford-Browne on Sabbah Report recalls the banking sanctions against apartheid South Africa:

The international banking sanctions campaign in New York against apartheid South Africa during the 1980s is regarded as the most effective strategy in bringing about a nonviolent end to the country’s apartheid system.

The campaign culminated in President FW de Klerk’s announcement in February 1990, releasing Nelson Mandela and other political prisoners, and the beginning of constitutional negotiations towards a non-racial and democratic society.

If international civil society is serious about urgently ending Israel’s violations of Palestinian rights, including ending the occupation, then suspension of SWIFT transactions to and from Israeli banks offers an instrument to help bring about a peaceful resolution of an intractable conflict. With computerization, international banking technology has advanced dramatically in the subsequent 20 years since the South African anti-apartheid campaign.

Although access to New York banks remains essential for foreign exchange transactions because of the role of the dollar, interbank transfer instructions are conducted through the Society for Worldwide Interbank Financial Telecommunication (SWIFT), which is based in Belgium. So, instead of New York — as in the period when sanctions were applied on South Africa– Belgium is now the pressure point.

Read the rest of the report here…



Leave a Reply

Formatting: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Other Posts

Welcome to the Reading PSC Website!

We are the Reading branch of the Palestine Solidarity Campaign. You will find regular news on the Palestinian cause, details about local and national events plus plenty of other useful information.

If you have any questions, comments or suggestions please get in touch.

Follow @ReadingPSC on Twitter

Viva Palestina Convoy Map Mark Thomas - Extreme Rambling (Walking The Wall)

Content Disclaimer

The linked articles and RSS feeds included on this site are those of their individual authors, and do not necessarily represent the views of Reading PSC. Reading PSC makes no representation concerning the views expressed, and does not guarantee the source, originality, accuracy, completeness or reliability of any statement, information, data, finding, interpretation, advice, opinion, or view presented.