Means of payment in trade between countries is foreign exchange. Payments to foreign exchange and foreign exchange earnings from abroad through foreign exchange banks. This bank was given the task to carry out foreign exchange flows, in Indonesia for example, conducted by Bank Indonesia, BNI, or another bank designated. Because foreign exchange is composed of several kinds of foreign means of payment, method of payment also vary between countries depending on the means to pay are used. Method of payment between countries, among others, to use foreign currency, gold, foreign drafts, international clearing, as well as telegraphic transfer (TT).
a. Foreign exchange. Using foreign currency to pay foreign currency means the country of origin of goods or the U.S. dollar for each country that will accept foreign exchange through banks or other banks that agreed upon by both parties.
b. Gold. The use of gold bullion by sending abroad for goods exported through foreign exchange banks.
c. Foreign money orders. Domestic exporters interesting notes from importers abroad before the due date then sell them to importers in the country who need to pay for imported goods to the exporter abroad.
d. International clearing. How to flatten payables and receivables between the creditors (who have accounts receivable) of exporters with the debtor (who have debts) that interstate importers through foreign banks respectively, so live the remainder to be paid.
e. Telegraphic transfer (TT). Telegraphic transfer is an order from a bank to bank branches abroad by telegram or telephone to pay to the exporter in foreign countries using the currency that exporting countries. The number of exchange will be recorded in the branch bank account by the creditor banks.
