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Arbitration of exchange
ARBITRATION OF EXCHANGE

Definition: The fixing of the rate of exchange between two countries or agencies.
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* All six elements should be in.


1. Purposeful and necessary to have agreement in place.

2. Process commences at a mutually agreed time or period.

3. Those dealing with negotiations will be duly authorized.

4. The terms and conditions guiding deals will be stated.

5. No 'underground economy' to disrupt the rate decided.

6. Both partners would benefit in the end from the fix.
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See perfect EXCHANGE RATE (2).

See perfect HARD CURRENCY.

See perfect CONSULTATION (1).

See perfect BLACK MONEY.

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