Intornational Settlements and Credits of the International Bank of Economic Cooperation

The article is an attempt at a comprehensive presentation of the financial activity of the International Bank of Economic Cooperation in its historical and statistical approach. Accordingly, the author discusses its alms ensuing from the Banks statutes, its organization, structure of financial resources at the disposal of this organization, which provides a background for analysis of the evolution in the international settlements and credits operations of the Bank. The author has reached a conclusion that the previous experience in application of the international system of settlements and credits executed in the common currency of the Council for Mutual Economic Assistance testifies to the fact that the Bank has managed to attain many of its objectives as formulated in its statutes. However, improvement of the Bank’s operations in the area of settlement in the transferable rouble should be treated as a continuous process, and the Bank systematically adopt new solutions aiming at gradual shift towards multilateral settlements.Zadanie pt. „Digitalizacja i udostępnienie w Cyfrowym Repozytorium Uniwersytetu Łódzkiego kolekcji czasopism naukowych wydawanych przez Uniwersytet Łódzki” nr 885/P-DUN/2014 zostało dofinansowane ze środków MNiSW w ramach działalności upowszechniającej nauk