BBCNEWS BBC News February 26, 2022 19:11:00
Latest country to come out in favour of banning russia from the swift banking network and that would mark tighter economic sanctions on president putin. a business correspondent katie prescott can explain why swift is so important. swift can be described as an artery of global finance. it allows the smooth and quick transfer of money across borders. it stands for the society for worldwide interbank financial telecommunication, and it is co—owned by more than 2,000 financial institutions around the world. created in 1973, it links 11,000 banks in more than 200 countries. it sends more than a0...