The architecture of global finance has rested on two interconnecting pillars for decades: the US dollar and the SWIFT messaging network. SWIFT (Society for Worldwide Interbank Financial Telecommunication) connects over 11,500 institutions in more than 200 countries and handles around 44 million messages a day. It does not move money itself but coordinates the instructions that enable cross-border payments. All while the dollar sits at the centre of this system as the dominant

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Digitization has been one of the priority agendas of the G20 during Indonesian Presidency, which is expected to be further sustained by...