The Advisor said the government had inherited 20 billion dollars Current Account
Deficit and it required 2000 billion rupees for debt servicing.
The advisor said that the government was striving hard to overcome the fiscal and current account
deficit to stabilize economy.
Part of the order aims to ensure that current account
customers should receive an alert about unarranged overdraft charges before they incur them.
The Philippines' current account
deficit is expected to further widen next year, keeping the peso weak and government securities expensive, the Washington-based Institute of International Finance (IIF) said.
Earlier, Norwich & Peterborough Building Society had said that it would close all of its current accounts
by the end of August.
MORE current account
customers have been ditching and switching their bank following a wave of providers cutting rates or reducing perks on their accounts.
have no particular "use by" date, so many of us stick with the same provider year in, year out, without considering if we might be better off elsewhere.
Personal current accounts
generated revenues of around PS8.7 billion in 2014, according to the CMA.
SWITCHING your current account
now could also help to pay for some of your festive season outgoings.
Head of Banking, Santander, Hetal Parmar, said "The seven day Current Account
Switch Service has helped to open up the current account
market by giving consumers the confidence and reassurance that switching is hassle-free.
Experian, whose records go back eight years, said that in March, current accounts
became the most targeted financial product for fraud attempts for the first time, overtaking mortgages.