Invisible Transaction

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Invisible Transaction

An exchange in which a service is traded across international borders and money changes hands, but in which no tangible assets are traded. An example of an invisible transaction is a consulting service offered to a client in a different country. Invisible transactions are included as invisible items when calculating a country's balance of payments.
References in periodicals archive ?
Reforms have included: (1) liberalisation of invisible transactions in 1997, leading to current account convertibility; (2) recapitalisation of state banks to reach an 8% capital adequacy ratio by 1999; (3) creation of treasury bill and bond markets which have expanded; (4) privatisation of state-owned companies; (5) continued efforts to cut tariffs; (6) elimination of profit margin controls in the pharmaceuticals industry by 1998; (7) cuts in public spending and reform of the civil service, aimed at generating a budget surplus; and (8) reform of the agricultural sector, including privatisation of land, backed by a World Bank structural adjustment loan (see background in Vol.
Reforms have included: (1) liberalisation of invisible transactions in 1997, leading to current account convertibility; (2) recapitalisation of state banks to reach an 8% capital adequacy ratio by 1999; (3) creation of treasury bill and bond market; (4) privatisations of state-owned companies; (5) continued efforts to cut tariffs; (6) elimination of profit margin controls in the pharmaceutical industry by 1998; (7) cuts in public spending and reform of the civil service, aimed at generating a budget surplus; and (8) reform of the agricultural sector, including privatisation of land, supported by a World Bank structural adjustment loan (see background in Vol.
The reforms have included: (1) liberalisation of invisible transactions in 1997, leading to current account convertibility; (2) recapitalisation of state banks to reach 4% capital adequacy ratios, with 8% capital adequacy to be reached in 1999; (3) creation of a treasury bill and bond market; (4) privatisations of state-owned companies; (5) continued efforts to cut tariffs; (6) elimination of profit margin controls in the pharmaceutical industry by 1998; (7) cutbacks in public spending and reform of the civil service, aimed at generating a budget surplus; and (8) reform of the agricultural sector, including privatisation of land, to be supported by a World Bank structural adjustment loan.