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Payments and finance problems in the Commonwealth of Independent States (Английский)

Payments problems constrained interstate trade among the Commonwealth of Independent States (CIS) countries in 1992-95, especially during the prolonged demise of the ruble zone. Two kinds of solutions should be sought: 1) more effective stabilization measures to improve the prospects of currency convertibility among CIS countries; and 2) strengthening of institutional arrangements to permit payments and settlements through correspondent bank accounts...
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