current account

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current account

Economics that part of the balance of payments composed of the balance of trade and the invisible balance

Current Account

 

a type of deposit operation in banks and savings banks. Deposits in current accounts are not time deposits; that is, the account holder can make deposits and withdrawals at any time. In the capitalist countries, current accounts for the most part hold the temporarily free capital and cash reserves of the capitalists. In the USSR, current accounts in banks may be opened by noneconomic institutions and enterprises, kolkhozes, and public organizations; current accounts in savings banks may also be opened by individuals.

References in periodicals archive ?
As exports have risen on the back of free zone growth and oil exports, the current account surplus reached 14.
While the current account surplus soared for the first six months of the year, economists warned the trend may not continue for many more months given the risks of deceleration of the U.
This has two important implications, one for the current account surplus and the other for the external value of currencies.
The Bangko Sentral ng Pilipinas expects the current account surplus to slide to below $5 billion next year as the country spends more dollars on imported capital goods amid the resurgence of the manufacturing sector.
The country's current account surplus with China, its largest trade partner, reached $45.
BAKE[pounds sterling] (CyHAN)- Azerbaijan's current account surplus as of 2013 amounted to $12.
In 2013, the country is likely to have posted a current account surplus of 15.
The newly released balance of payments data for 2012 show that the current account surplus has grown to $62bn or 32% of the GDP as high hydrocarbon prices supported exports.
Largely due to soaring exports, Kuwait's current account surplus surged 78 per cent in 2011, according to the country's Central Bank.
M2 EQUITYBITES-February 8, 2011--Denmark reports all-time high current account surplus in 2010(C)2011 M2 COMMUNICATIONS http://www.
The current account surplus for fiscal 2009 ended March 31 grew 26.
The central bank of South Korea has announced its current account surplus levels.