Currency clearing

clearing in international trade is carried out in the form of intergovernmental agreements stipulating: a) a system of clearing accounts, b) the volume of VC. c) clearing currency (agreed settlement currency); d) volume of technical credit (maximum allowable trade balance); e) a system for equalizing payments for turnover (debt repayment with the help of only commodity deliveries - V.k. without the right to conversion) or with the involvement of a clearing and freely convertible currency (V.k. with limited or full conversion); f) the scheme for the final repayment of the balance after the expiration of the intergovernmental agreement On the basis of B to. mutual settlements of resident firms of the respective countries are carried out.