This is the system of the exchange rate, but also allows their country and their citizens buy goods and services each year by using the international payment system.

这是汇率制度，而且还允许他们的国家和他们的公民每年购买商品和服务，通过使用国际支付系统。

youdao

Last month the airline was suspended from the International air Transport Association (IATA) booking system for non-payment of debts.

上个月该公司因为拖欠债务而被国际航空运输公司(IATA)暂停了票务预定业务。

youdao

payment balances ,clean and dirty floats ,and the International Monetary System .

收支平衡、不受限制的和受限制的汇率浮动以及国际货币制度的材料。

youdao

On the other hand, when Germany's Herstatt Bank failed to meet its international payment obligations in the mid-1970s, that event caused a serious globalized payment-system crisis -- even though Herstatt itself would not have been on anyone's list of major financial institutions at the time.

WSJ: Not Everything Can Be Too Big to Fail