The balance of payments summarises an economy's international economic dealings. These transactions consist of transfer payments as well as the export and import of products, services, and financial assets (like foreign aid).
To 1.48 trillion SDR, the market value of the gold that monetary authorities2 possessed declined by 0.3 percent. The greatest part of the overall international reserves, the foreign exchange reserves, grew to 9.2 trillion SDR in 2021 at a growth rate of 4.7 percent, up from 3.1 percent in 2020.
A record of transactions between people or organisations in one country and the rest of the globe is called the balance of payments.
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