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Current Account #CurrentAccount

 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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