Explain Like I'm Five | Don't Panic!

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ELI5: what stops shady banks from creating money for their clients out of thin air? (lemmit.online)

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The original was posted on /r/explainlikeimfive by /u/Dacadey on 2023-06-27 13:23:07+00:00.

For example, I open an account at a shady bank, they make it up that I have $100,000 USD in the system. Then I SWIFT transfer the money to a legitimate bank. How would the legitimate bank know that his money is fake? Assuming that the shady bank is discreet about it and other banks dont know of its reputation

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