What does it mean official financing balance?
The Balance for Official Financing (which used to be termed Total Currency Flow) shows the balance of monetary movements into and out of the country. A positive figure reveals a net inflow of funds into a country. Alternatively, a net outflow is represented by a negative figure.Click to see full answer. Then, what is the…
The Balance for Official Financing (which used to be termed Total Currency Flow) shows the balance of monetary movements into and out of the country. A positive figure reveals a net inflow of funds into a country. Alternatively, a net outflow is represented by a negative figure.Click to see full answer. Then, what is the official settlements balance?Official Settlements Balance. Back to glossary. A balance of payments account that tabulates transactions of reserve assets by official government agencies. The official settlement balance reflects transactions involving gold, foreign exchange reserves, bank deposits and special drawing rights (SDRs).Additionally, what do you mean by balance of payments? November 2016) The balance of payments, also known as balance of international payments and abbreviated B.O.P. or BoP, of a country is the record of all economic transactions between the residents of the country and the rest of the world in a particular period of time (e.g., a quarter of a year). In this regard, what are the types of balance of payment? The Balance of Payments Divided The BOP is divided into three main categories: the current account, the capital account, and the financial account. Within these three categories are sub-divisions, each of which accounts for a different type of international monetary transaction.What does a negative financial account balance mean?A negative capital account balance indicates a predominant money flow outbound from a country to other countries. Some of the transactions that impact the capital account include debt forgiveness, purchase of assets, transfers of financial assets by immigrants, inheritance taxes and royalties.
