The Foreign-Exchange Monopoly of the Socialist State

The Directives on Economic and Social Development of the Czechoslovak SSR for 1976-1988, adopted by the Fifteenth Congress of the Communist Party of Czechoslovakia, pointed out that one of the principal requirements at the present time is implementation of a course aimed at more active "incorporation of the Czechoslovak economy into the international division of labor, particularly in the process of integration within the framework of COMECON." This refers especially to consistent implementation of the provisions of the Complex Program for Further Intensifying and Improving Cooperation and Development of Socialist Economic Integration of Member States of COMECON. The efforts of the socialist countries to assure a more active role to foreign-exchange financial relations in solving the tasks of developing mutual economic collaboration among the member states of COMECON in the process of socialist economic integration assumes great importance under these conditions.