Account maintained by every government in which every kind of current transaction is shown. This account is maintained by central bank of the country.
Current transactions of an economy in foreign currency all over the world are—export, import, interest payments, private remittances and transfers.
All transactions in current account are shown as either inflow or outflow (credit or debit). At the end of the year, the current account might be positive or negative.
India had surplus current accounts for three consecutive years (2000—03) – the only such period in Indian economic history.
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