For many countries, the current account is limited to the items discussed above relating to exports and imports of goods and services. However, in addition to goods and services, the current account of the balance of payments should also take into account the movement of income and current transfers. Income – a group of items […]
Tag: payment
Oil-exporting countries with high oil trading revenues
These are Saudi Arabia, Kuwait, UAE, Qatar, Brunei, Oman, Libya. These countries have very high per capita incomes, a positive balance of payments, and external investment. They are distinguished by the low level of development of productive forces: more recently, the majority of the population of these countries was engaged in nomadic cattle breeding and […]
Subjects and objects of the global financial market
For most securities and loans that circulate in the world’s money markets, interest rates as well as maturities are set in advance, which is especially important for buyers of financial requirements of the money market who want to invest their funds only for a short time and with minimal risk. In the short-term capital markets, […]
Sanctions
This section contains guarantees to protect the interests of counterparties in case of violation of the terms of the contract by one of the parties. They are various kinds of sanctions in the form of penalties, penalties, fines paid by a party who has not fulfilled his obligations in respect of one of the contractual […]