Official Settlement Account,
Official Settlement Account:
A government clearing account is a special type of account used to track currency reserve transactions between central banks in International Balance Payments (BOPs) between banks. Government clearing accounts track gold transactions, foreign exchange reserves, bank reserves and special drawing rights (SDRs).
- Government clearing accounts are used to track and record the international balance of payments between central banks.
- It is used to handle the transfer of global financial assets and reserves that circulate between the country's central banks.
- Countries use these accounts to monitor large deposits and emissions in and out of other countries.
Literal Meanings of Official Settlement Account
Meanings of Official:
A person who holds a public office or performs public work, especially as a representative of an organization or ministry.
In relation to the authority or body and its duties, functions and responsibilities.
Sentences of Official
A union official
Official duties of the Governor
Synonyms of Official
appointee, office-bearer, ceremonial, administrator, ritualistic, executive, ceremonious, formal, officer, functionary, office-holder, solemn
Meanings of Settlement:
Once an uninhabited place where a community meets.
An agreement in which the property is transferred to private ownership in a settlement agreement.
The process or process of setting up an account.
Minimize the property or structure built on it
Sentences of Settlement
The union reached a wage agreement
Small town butterere
If you make a significant contribution or pay and die within the next seven years, you may have to pay inheritance tax.
Most providers offer prepaid discounts
Surrounding walls that have collapsed due to settlement should be replaced.
Synonyms of Settlement
agreement, understanding, community, encampment, satisfaction, deal, colony, payment, accommodation, bargain, outpost, settling, clearance, defrayal, resolution, clearing, pact, arrangement, settling up, discharge, liquidation
Meanings of Account:
See or see yourself in a certain way.
Records or reports of financial income and expenses related to a particular period or purpose.
An arrangement in which an organization raises funds on behalf of a user or provides goods or services to a customer on credit.
An agreement that gives a user personal access to a computer, website or application by entering their username and password in person.
Sentences of Account
Detailed report obtained
He doesn't care about money
Synonyms of Account
narrative, balance sheet, interest, count, gravity, bank account, communiqué, ledger, concern, report, sketch, description, look on as, interpret as, importance, weightiness, moment, news, version, story, journal, regard as, think of as, significance, substance, financial statement, adjudge, consider, explanation