Society for Worldwide Interbank Financial Telecommunication — the messaging network international banks use to settle cross-border trade. SWIFT itself doesn't move money; it standardizes the instructions that Correspondent Banking relationships execute on. Because most of those instructions are denominated in US Dollar, SWIFT is one of the chokepoints of Dollar Hegemony and a primary lever for US Sanctions.
SWIFT
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- Correspondent Banking Linked both ways · References
- Dollar Hegemony Linked both ways · References
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- Sanctions Linked both ways · References
- US Dollar Linked both ways · References