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A comment on A simple explanation of how money moves around the banking system (2013).

Re:A simple explanation of how money moves around the bankin... by andrewstellar on Friday April 10, 2015 @03:58AM (#9353015)
Great article on the global correspondent banking system.

For anyone interested in how US domestic payment systems work (checks, ACH, Visa/Mastercard) check out Payment Systems in the US by Carol Benson. It is the bible.

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