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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Though most countries are moving away from holding the stuff, nations can actually store bars of gold deep in underground vaults at the New York Fed. I presume they can shunt the bars from one nation’s compartment to another’s as a form of money transfer.
The NY Fed offers tours. I’ve never been, but I sure want to go!
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