ajmal64
The official reserve account ,a subdivision of capital account is tge foreign currency and securities held by the government, usually by it's central bank and is used to balance the payment from year to year.
priyanshu463590
The official reserve account records the transaction of central bank in balance of payments statements. These transactions are termed as accommodating or below the line transactions. The official Reserve account ensures that there is balance in Balance of payment accounts.
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These transactions are termed as accommodating or below the line transactions.
The official Reserve account ensures that there is balance in Balance of payment accounts.