XIV Compiling the BOP Current Account: Current Transfers
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
15 Mar 1995
Keywords:
BOOK; BOP compiler; BOP.; goods; enterprise; BOP transaction; BOP classification; worker remittance debit; noncash transaction; BOP transfer entry; worker remittance credit; Income; Credit; Withholding tax; Current account; Outward remittances

Abstract

631. Transfers are offset items required to balance unilateral transactions in which one economic entity provides a real resource, such as goods or services, or a financial item to another entity without receiving any real resource or financial item in exchange. Transfers, according to the BPM, should be classified as current or capital. Current transfers, which are the subject of this chapter, are all transfers that are not capital.135 Therefore, current transfers are those that:

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Cover Balance of Payments Compilation Guide
Balance of Payments Compilation Guide
ISBN:
9781557754707
Publication Date:
15 Mar 1995
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557754707.071
Pages:
396