Read on to learn about SWIFT codes and their importance in global money transfers. What Is a SWIFT Code? SWIFT stands for Society for Worldwide Interbank Financial Telecommunication.

The World Before SWIFT . Before SWIFT, Telex was the only available means of message confirmation for international funds transfer. Low speed, security concerns, and a free message format hampered ...

Syria this week carried out its first international bank transfer via the SWIFT international payment system since the outbreak of the country’s 14-year civil war, central bank governor Abdelkader ...

The bank-to-bank transfer using the SWIFT system was symbolically important, indicating the war-torn country was reintegrating into the global financial community.

When Do You Need a SWIFT Code? A SWIFT code is needed when someone wants to transfer money internationally. When you want to send money internationally, provide your bank with the SWIFT code for ...

DAMASCUS (Reuters) -Syria this week carried out its first international bank transfer via the SWIFT international payment system since the outbreak of the country’s 14-year civil war, central ...