But when a country has a level of inflation below the average, then it will tend to have a surplus in its balance of payments. The demand for this currency exceeds tne supply. us rate or excnange will therefore go up in relation to the other CurrenCIes Commercial transactions take place regularly on the world market involving exports and imports. At the same time, a number of noncommercial transactions take place that involve the transfer of currency from one country to another-the export of capital, repatriation of profits rom caolar nvestea n torera coumues. tourism; remissions from foreign workers to tneir tamines; payment for various services such as sea and air transport, insurance premiums, ec. overy caoransı company knows the amount of money it is going to have to transter abroad in the months ahead. When it expects that a foreign currency is going to decline in value, it will try to delay the payments it has to make in this currency as long ai possible. When it expects that a foreign currency is going to go up in value, it will make its payments as quickly as possible. These ameratory movements sharpen the fluctuations in exchange rates. | Dec 1971=100
Red Weekly1976Red Weekly No. 174, 1976
Surplus
The scan: rw-no174-nov-11-1976.pdf (PDF, Marxists Internet Archive, opens at this page)
Uncorrected machine reading. This text was read by machine (Apple Vision OCR) from a scan of a newspaper page, and the page was cut into articles by machine, at the headlines found by their type size. Nothing has been corrected: expect misread words, text from a neighbouring article, and titles that are the machine reading of the headline, some of them only fragments. Quote from the scan, not from this page.
How this article was cut and titled: headline found by type size in the OCR geometry (split_tabloid.py); 1-1 of 5; machine-segmented newspaper page; uncorrected Vision OCR.