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SWIFT
February 15 , 2022
1058 days
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- Russia is being threatened with exclusion from the services of SWIFT.
- Society for Worldwide Interbank Financial Telecommunication (SWIFT) is an international messaging network
- It is used by banks and financial institutions worldwide to facilitate smooth money transactions globally.
- It was Established in 1973 at Belgium.
- SWIFT is only a platform that sends messages and neither holds any securities or money, nor manages external client accounts.
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