The International Payments and Monetary System in the Integration of the Socialist Countries

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The book delves into the intricate framework of economic cooperation among CMEA countries, detailing the collective monetary and financial regulations governing international settlements. It discusses the organizational structure, currency selection, and principles of international credit transactions. The evolution of these regulations from bilateral clearing agreements to a more structured system is highlighted, emphasizing the role of the Soviet rouble in foreign trade pricing, based on world market prices rather than internal producer prices.