Sanctions, Iran, And The Battle Over SWIFT : Planet Money Today on the Indicator: How a small Belgian company wields enormous influence in global finance and diplomacy.
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Sanctions, Iran, And The Battle Over SWIFT

SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, is a financial messaging system for banks. It's a little company, based in Belgium, but for years it has weilded outsize influence on global finance. Now SWIFT's influence has extended to international diplomacy, and the little Belgian firm has landed smack dab in the middle of a bitter transatlantic dispute that could affect the way America conducts foreign policy.

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