Current Account Transaction: covers payments for trade, services, interest, remittances and short term banking under foreign exchange law. Current Account Transaction denotes any foreign exchange transaction other than a capital account transaction and includes payments for foreign trade, ... Summary
Current Account Transaction: covers payments for trade, services, interest, remittances and short term banking under foreign exchange law.
Current Account Transaction denotes any foreign exchange transaction other than a capital account transaction and includes payments for foreign trade, ordinary business and services, short term banking and credit facilities, interest on loans and net investment income, remittances for living expenses of immediate family abroad, and expenses for foreign travel, education and medical care of parents, spouse and children.
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