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Banks in Iran have started sending letters to their branches, informing them that they will be cut off from the international financial messaging system SWIFT starting Monday. 

Being cut off from SWIFT makes it difficult for Iran to get paid for exports and to pay for imports.

SWIFT’s chief executive Gottfried Leibbrandt had earlier confirmed the messaging service will start disconnecting some Iranian banks. Last week, the Belgium-based organization announced that it would be suspending some unspecified Iranian banks’ access to its messaging system.

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