ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Our Rouble Reserves

Our Rouble Reserves I S G THE principal assumption underlying a bilateral payments arrangement is that the two countries entering into such an arrangement have broadly balanced trade between them. Then the need for the intermediation of a third country currency in the settlement of transactions is eliminated. In practice, this may not be always so. Not that bilateral payments arrangements altogether overlook this possibility. They usually provide for the eventual setllement of payments imbalances in third country currencies, but in not all such arrangements can this provision be easily invoked.

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