What is BILATERAL CLEARING AGREEMENT?

Trading done between government agencies for a limited time. Its expressed in the major currency even though both countries get paid their currency. It is disruptive according to the free trade.

More On This Topic



Link to This Definition
Did you find this definition of BILATERAL CLEARING AGREEMENT helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary