(a) the making or receipt of payments for international transactions; and (b) the exchange of the currency of that State Party for foreign currency for such purposes; "current account transactions" means, all transactions (other than those in financial items) that involve economic values and occur between residents of a State Party and non-residents, and includes offsets to current economic values provided or acquired without a quid pro quo; "SAOC Exchange Control Committee" means the SADC Exchange Control Committee contemplated in Article 4(1). ARTICLE 2 OBJECTIVES State Parties shall: (a) establish a framework for co-operation and co-ordination with regard to the promotion of exchange control in respect of: (i) current account transactions; and (ii) capital and financial account transactions; (b) review exchange control policies to ensure exchange control convergence as State Parties move towards full exchange control liberalisation; (c) implement exchange control policies aimed at achieving full currency convertibility amongst State Parties; (d) improve the availability of information regarding cross-border foreign exchange flows amongst State Parties, with the aim of facilitating performance monitoring and assessment, as well as of maintaining transparency and accountability. 52