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Mechanisms Underlying Gold Swaps

The world has numerous platforms and systems for trading gold. A gold swap is an agreement between two parties to exchange a certain amount of gold for a predetermined amount of time. Central banks and commercial banks engage in the most…

The Role of SWIFT in Global Banking

It's crucial to have the ability to transfer money quickly and securely in the fast-paced world of international finance. This is exactly what the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system offers, with a…