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The amount of currency available would depend almost entirely on the strength of the Scottish balance of payments position.
Other nations asked, however, whether Germany could not do more, given the strength of its trade and payments position.
Yet in practice the United States was not free to determine its own exchange rate or its balance of payments position.
Developments in international trade which have a bearing on the trade and payments position of developing countries : Note by the Secretariat.
One of the reasons our balance of payments position is so weak is that previous overvaluations of sterling have eroded our trading position.
These are deep waters, because our sensationally bad balance of payments position suggests that a major devaluation of the pound is needed anyway.
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Balance-of-Payments Position and Prospects.
Algerians in France remit substantial sums of money annually to relatives in Algeria; this is partly responsible for Algeria's healthy balance-of-payments position.
Three pieces of data over the past week suggest that economic growth has bottomed out at the 4-5% range and that a precarious balance-of-payments position is improving sharply.
decreed in a review two weeks ago that the recovery "has turned out to be impressive: output growth this year is set once again to exceed 4percentt, exports are growing rapidly, the balance-of-payments position remains strong, and inflation is well under control".
The strength of the Lebanese pound and of the balance-of-payments position reflected large inflows of capital, mostly from Lebanese living abroad (whose numbers rose considerably during and after the civil war) and from the high level of liquidity of commercial banks.
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