Ignat Papazov


The main objective of international economic relations is the realization of benefits from the participating countries. The multiplication of these benefits from the international exchange of real financial assets is multiplied. In the course of international economic exchanges, monetary claims and liabilities between entities from different countries occur in general. These estimates are expressed in foreign currency and they build up the system of international currency relations.


foreign exchange, cash relationships, international contracts, international trading, currency denomination, trade balance

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