..AGREEMENT ON RECIPROCAL PAYMENTS AND CREDITS


This section presents information on the Agreement on Reciprocal Payments and Credits, subscribed by twelve central banks, which allows the clearing of payments related to the trade of goods originated in the signatory countries or services carried out by residents of those countries. Thus, the final balance payment is made at the end of every four-month period, transferring or receiving money from one country to the other accordingly, if balance is positive or negative. Since this Agreement entered into force, financial transactions of U$S 242.039,8 billions were made, of which U$S 92.354,8 billions were withdrawals. Therefore, only 38,2% % of the total amount of financial transfers was needed for paying off the balances. In this section you can access:

	Text of the Agreement

	Regulations

	Informative Booklet

	Balances' Multilateral Clearances

	Assessment of the Agreement’s Operation

	Historical Chart of the Agreement since 1966

	Central Banks' Regulations




	The information on the legal framework of the Agreement, on economic indicators, on the Central Banks’ Regulations, as well as texts comparing the main aspects of the different Central Banks’ Regulations and the historical chart of the Agreement are also available in a CD-ROM. There is also a booklet containing information on some of these subjects, as well as further information. Both can be bought, by contacting the Commercialization and Distribution Office of the General Secretariat: sac@aladi.org