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The Balance of Payments (BOP) is a set of statistics which covers all of the country’s economic events with non-residents (rest of the world). The BOP comprises of 3 sets of accounts, namely the;
Current Account: Summarises transaction with the rest of the world in goods and services, income and current transfers.
Capital Account: Records transactions in capital transfers and non-produced non-financial assets.
Financial Account: Records transactions in external financial assets and liabilities.
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