Current Account

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Related to Current account balance: balance of payments, Current account deficit

Current Account

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.

References in periodicals archive ?
Last year, due to Desert Storm, we brought in a lot of money and reduced our current account balance.
5 billion yen to the current account balance in January, the deficit would have been the largest on record.
New Zealand's Current Account Balance unexpectedly showed a surplus of NZ$124 million in the second quarter, marking the first quarterly surplus since the first three months of 2003.
The current account balance should equal the negative of the capital and financial account balance.
The ratings agency said in its annual "The Middle East and North Africa (Mena) sovereign outlook" report that while "most net importers are presented with benefits from improving external current account balances and lower fiscal spending on subsidies lower oil revenues will adversely affect net oil exporters' fiscal and external positions with varying degrees of pressure across GCC countries.
Analysts said it is unlikely the current account balance has started falling into the red as a basic trend.
Russia's current account balance remains positive, but is projected to have weakened relative to 1996 on the basis of strong import growth in the second half of the year and a fall in the dollar value of exports.
Present Research analyst-PAGE says the deterioration in current account balance is a major threat to the depleting foreign exchange reserves, as every month government is compelled to spend millions of dollars to finance the current account deficit.
The current account balance remained in surplus for the seventh straight month, supported by income from robust foreign direct and portfolio investments by Japanese firms.
ANKARA, May 12, 2010 (TUR) -- Turkey's current account balance posted a net deficit of $4.
Summary: AustraliaEoe1/4aos Current Account Balance deficit widened more than economists expected in the second quarter, revealing a shortfall of Eoe1/4"A$13.
As long as the Bank is able to meet its current account balance target, the zero floor on nominal overnight interest rotes suggests that excess effective liquidity might show up in lower nominal interest rates at nearby maturities and risk classes.