Why has America not kicked China out of SWIFT?
America is increasingly hostile towards China and one of ultimate weapons in America’s arsenal is to kick China out of SWIFT, the America controlled international intermediary and executor of financial transactions between banks worldwide. In recent years, from Trump to American Congressman, there are occasional talk of kicking China out of SWIFT, in order to decouple US from China and stop China from trading internationally.
If this weapon is so powerful, why is China still not being kicked out? Before I answer this question, allow me to share some statistics and background information.
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