
Welcome to Curious Index! In this episode, we unravel the intricate story of SWIFT: the unseen code orchestrating trillions of dollars across the globe daily. Discover how this member-owned cooperative, born from the chaos of 1970s international banking, evolved into the indispensable global financial messaging network. We'll explore its critical role in global trade, its surprising transformation into a geopolitical "weapon" used in major sanctions against nations like Iran and Russia, and how it's adapting to the rise of FinTech, blockchain, and Central Bank Digital Currencies (CBDCs). Join us as we delve into the past, present, and future of money itself, and the powerful, yet often misunderstood, system at its heart.
#SWIFT #GlobalFinance #Geopolitics #FinancialSanctions #CBDC