Swift system?


Swift system? If the West took this crazy step by stopping the regime, they would set the whole world on fire. This is crazy. What is Swift System? It is a system called the group of international banking transactions between banks (the system of financial transfers and transactions between banks), it is a global banking communication network and that most banks in the world are involved in it. It is a cooperative, not-for-profit organization owned by its members and provides services at a high level of efficiency and at an appropriate cost. It was established in 1973 as a result of the growth in the volume of international trade and began its work in 1977. Its headquarters are in Belgium. The number of participating countries is more than 209 countries, including most Arab countries, and the number of joint financial institutions increases over 9000 establishments. Russia’s exit from Swift is a death sentence for the dollar because China and Russia are waiting for the global launch of their CIPS system to eliminate the ominous dollar. And Kips Chinese system is bigger and better than the Swift system.