Learn how current transfers work in international transactions. Explore the different types, their significance, and how they impact the current account balance.

High-interest current accounts allow you to earn a return on your balance when you stay in credit. Some even offer higher rates than typical savings accounts. We’ve compiled our pick of the best ...

Global current account balances widened by a sizable 0.6 percentage points of world GDP in 2024. When adjusted to account for the volatility around the pandemic and Russia’s war in Ukraine, the ...

In September 2008, the IRS website posted revisions to the Report of Foreign Bank and Financial Accounts (Form TD F 90-22.1) that surprised many practitioners. This article discusses new traps for the ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. In the second quarter of 2024, China reported a customs surplus of $250 Billion, a ...