Current account (Balance of payments)
Current account (Balance of payments)
This indicator demonstrates correlation between the value of payments coming from abroad to the value of payments going overseas. If the income value is bigger than the outgoing value the balance of payments is called active (a positive balance); if visa versa – the balance of payments is passive (a negative balance). A positive balance or a decrease of the negative balance are factors which can contribute to the increased value of the national currency. The value of Balance of Payments is released quarterly in the middle of the month at 10:00 EST (New York).
