How are large sums of money transferred between nations?

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Say country A sends some billions of dollars to country B in aid or in exchange for some resource. How does the actual transfer take place? How does the wealth of country A decrease and the wealth of country B increase?

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Anonymous 0 Comments

When Saudi Arabia was reimbursing the US for some of the costs associated with Desert Shield, they gave the military a check for about $750M. The military couriered that check back to NYC to collect the interest over the weekend.

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