Promotion of the institutionalised methods of payment helps stifle growth of international trade in agricultural products.?

This statement is not entirely accurate. While promoting institutionalized methods of payment may make transactions more secure and efficient, it does not necessarily stifle growth in international trade in agricultural products. In fact, having standardized payment methods can actually facilitate trade by providing a level of trust and reliability between buyers and sellers.

However, it is important to note that promoting only one type of payment method may limit the options available to traders and could potentially exclude smaller businesses that may not have access to certain institutionalized payment systems. It is important to have a variety of payment options available to accommodate the diverse needs of traders in the agricultural sector.

Overall, while promoting institutionalized payment methods can be beneficial for international trade, it is important to ensure that there is flexibility and inclusivity in the payment options available to support the growth of agricultural trade.

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