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The difference between swift and domestic and foreign currencies
Different concepts, different functions. According to People's Daily Online official website, we know.

1, swift refers to the global interbank financial telecommunications association, and domestic foreign currency remittance is the main product of domestic payment and settlement.

2. The main function of 2.swift is to transfer settlement information between global banking systems. Local and foreign currency mainly refers to the business that banks accept the entrustment of customers to remit foreign currency funds and remit the funds in their foreign exchange accounts to the bank accounts of designated recipients.