Intergovernmental Clearing Agreement

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== '''EXAMPLES''': ==
== '''EXAMPLES''': ==
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Bilateral clearing accounts have been established with all states of FSU (former Soviet republics). However, it was only one intergovernmental clearing agreement in 1994; the “Roscontract” agreement with Russia which specified the intergovernmental exchange of crude oil from Russia for strategic products from Belarus, on a balanced basis.  A successor agreement has been signed for 1995 as has a new clearing agreement with Uzbekistan, calling for the exchange of cotton from  Uzbekistan for strategic products from Belarus, on a balanced basis<ref> Belarus – Recent Economic Developments – IMF Staff Country Report # 95/99, October, 1995 </ref>.
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Bilateral clearing accounts have been established with all states of FSU (former Soviet republics). However, it was only one intergovernmental clearing agreement in 1994; the “Roscontract” agreement with Russia which specified the intergovernmental exchange of crude oil from Russia for strategic products from Belarus, on a balanced basis.  A successor agreement has been signed for 1995 as has a new clearing agreement with Uzbekistan, calling for the exchange of cotton from  Uzbekistan for strategic products from Belarus, on a balanced basis<ref> Belarus – Recent Economic Developments – IMF Staff Country Report # 95/99, October, 1995 </ref>.
=='''References'''==
=='''References'''==

Revision as of 14:07, 16 July 2014

Russian: Межправительственное клиринговое соглашение

Generalized Flow Chart of Intergovernmental Clearing Agreement[1]

ICA E.jpeg


EXAMPLES:

  • Bilateral clearing accounts have been established with all states of FSU (former Soviet republics). However, it was only one intergovernmental clearing agreement in 1994; the “Roscontract” agreement with Russia which specified the intergovernmental exchange of crude oil from Russia for strategic products from Belarus, on a balanced basis. A successor agreement has been signed for 1995 as has a new clearing agreement with Uzbekistan, calling for the exchange of cotton from Uzbekistan for strategic products from Belarus, on a balanced basis[2].

References

  1. Designed by the author using Laurila, J. Finnish-Soviet Clearing Trade and Payment System: History and Lessons - Bank of Finland (Helsinki). – Helsinki: Oy Trio-Offset Ab, 1995
  2. Belarus – Recent Economic Developments – IMF Staff Country Report # 95/99, October, 1995
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