To wire payment for his raw materials to Xiu, Jürgen visits his German bank’s website, fills out the necessary digital form and presses Enter. The specified number of euros leaves his bank for the Bundesbank, Germany’s central bank, before passing through to the European Central Bank in Frankfurt. The European Central Bank then converts Jürgen’s euros to US dollars which it subsequently channels to the People’s Bank of China via a US-controlled international circuit. Once at the People’s Bank of China, its functionaries convert the money into yuan and wire it to Xiu’s bank. Finally, Xiu’s bank
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