(a)
Capital account balance
Introduction:
Current account-It is a part of balance of payments that records exchange of goods, services and unilateral transfers between domestic country and rest of the world.
Capital account-It is a part of balance of payments that records exchange of goods, services, unilateral transfers and purchase and sale of financial assets between domestic country and rest of the world,
(b)
Change in official reserve
Introduction:
Official reserve is a part of balance of payment which has following components.
a) Foreign Currency
b) Gold
c) Special Drawing Rights
d) Reserve position in International Monetary Fund
e) Financial assets held by official agency.
($ trillion)
Balance on Current account | -0.2 | |||
---|---|---|---|---|
Capital account | ||||
Private capital going to abroad | -0.1 | |||
Foreign private capital coming | 0.2 | |||
Balance on capital account | 0.1 | |||
Balance on current and capital account | -0.1 | |||
Official Reserve Transaction Account | ||||
Officials Transactions Balance | 0.1 | |||
Total(Balance) | 0 |
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