European Payments Union and Negotiations on the Accession of Yugoslavia

Abstract

Through the prism of original resources kept by the US National Archives, and secondary literature, the article deals with the American aspect of the negotiations for the accession of Yugoslavia to the European Payments Union (EPU), which operated between 1950 and 1958, with the primary objective of eliminating obstacles in the Western European trade. Yugoslavia never become a full member of the Union; it did, however, became affiliated with it just before the Union was abolished, when Yugoslavia achieved currency convertibility for foreign trade balances.

Keywords

• yugoslavia
• organisation for economic co-operation and development
• oeec
• economic aid
• european payments union