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Current Account |
Also found in: Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
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A detailed financial statement representing the debit and credit relationship between two parties that has not been finally settled or paid because of the continuous, ongoing dealings of the parties. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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By artificially keeping the Chinese currency cheap through exchange market manipulation, China's external current account surplus is now set to become the largest in the world at a time when it is enjoying very strong long-term capital account inflows. Japan's current account surplus last year after all came to $172 billion. All these factors have improved Latin America's health to the point that the region posted a current account surplus in 2003, the first time in 50 years. |
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