2min chapter

Hidden Forces cover image

The Threats to US Dollar Hegemony | Daniel McDowell

Hidden Forces

CHAPTER

The Importance of Interbank Financial Telecommunication

There are thousands of banks in the world. And most of those banks do very little business with each other directly. But there are a handful of banks, less than 50, that are part of the clearing house,. interbank payment system, or CHIPs. They are hubs that connect all the other banks in the country to one another.

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