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Japan's June exports increase 19.3%

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Japan's June exports increase 19.3%

America conducts 11th strike on Iran nuclear sites

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America conducts 11th strike on Iran nuclear sites

Iraq signs 7 deals in Washington

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Iraq signs 7 deals in Washington

Sentekom reroutes 8 ships amid Iran blockade

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Sentekom reroutes 8 ships amid Iran blockade

UAE Condemns Houthis' Remarks on Saudi Arabia

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UAE Condemns Houthis' Remarks on Saudi Arabia
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Swift's Dominance Faces Global Shift

The Swift network has constituted the backbone of international money transfers since 1973, enabling encrypted instruction exchanges among more than 11,000 financial institutions across over 200 countries, with transactions exceeding $150 trillion annually. As financial sanctions increase and alternative payment systems such as China's CIPS, Russia's SPFS, and India's UPI emerge, countries are moving toward developing new alternatives and technologies to reduce dependence on Swift. Nonetheless, complete elimination of the network remains unfeasible at present, given the need to build global trust and interoperability among thousands of financial institutions. This reality makes the current landscape more complex, with multiple systems operating simultaneously side by side.

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