Putin also used Deutsche Bank to laundry $20bn.
https://www.theguardian.com/business/2019/apr/17/deutsche-ba...
https://www.theguardian.com/business/2019/apr/17/deutsche-ba...
What is it used for? What does money even mean for a billionaire? For them this doesn't seem to have its usual nature as the stuff one earns directly with labor and pays food and rent with.
Going along with the millenia old abstraction of kingdoms, do they perceive their organizations as 'part of their body', like the rulers who claimed sovereignty over land and populace, incorporating it?
It's power. The more money you have, the more people will want to be in your good graces, even if you're not paying them to be. It's a bunch of potential energy that can be converted into action whenever the holder wishes.
(from: https://nakamotoinstitute.org/reciprocal-altruism-in-the-the...)
Or do other currencies become even more valuable if this type of collusion takes place? I guess the relatively free trade and money flows make full control impossible.
Edit: I suppose if you want to import (luxury) goods you need foreign currency...
Not if you want to survive post-coup exile in luxury.