The payments system is the infrastructure (comprised of institutions, instruments, rules, procedures, standards, and technical means) established to enable the transfer of monetary value between parties discharging mutual obligations. Its technical efficiency determines the efficiency with which transaction money is used in the economy, and the risks associated with its use. An efficient payments system reduces the cost of exchanging goods and services...
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INFORMATION
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2008/01/01
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Document de travail
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49003
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1
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1
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2010/07/01
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Disclosed
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Measuring payment system development
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payment system
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