In this answer which I have got from Meritnation, it is written that purchase of own currency is a credit as it leads to OUTFLOW OF FOREIGN EXCHANGE
However, isnt inflow of foreign exchange a credit and outflow of foreign exchange a debit???

In this answer which I have got from Meritnation, it is written that purchase of own currency is a credit as it leads to OUTFLOW OF FOREIGN EXCHANGE However, isnt inflow of foreign exchange a credit and outflow of foreign exchange a debit??? introductory 12.2 Unilateral Transfers: Unilateral transfers include giitS% personal remittances and 'one-way transactions', Since these transactions do not involve any claim for they are also known as unrequited transfers 4, Capital Transfers: Capital tramsfers relate to capital receipts (through borrowin00T,ak of assets) and capital payments (through capital repayments or purchase of Structure Of Balance of Payments Balance of payments accounting uses the 'Double Entry System' for recording the tramacbot,.s with the rvst of the world Like a typical business account, BOP account also has Credi' All inflows or sources of foreign exchange are recorded on the credit side. Dcbi,• side: All outflows or uses of foreign exchange are recorded on debit side. In the accounting sense, BOP always balanced like Trial Balance as It is prepared as per entry- system. However, in economic sense, BOP need not be always equal. It means, BOP can ' • Balancea BOP: BOP is balanced when receipts of foreign exchange are equal to payments of foreign exchange. • Sutptus BOP' BOP is in surplus when receipts of foreign exchange are more than of foreign exchange. • [Deficit BOP' BOP is in deficit when receipts of foreign exchange are less than payments of foreign exchange Recap cf BOP t, BOP is a systematic record of all economic transactions between residents ot a Country rest of the world. 2. It includes transactions relating to visible items, invisible items, unilateral transfers and capital transfers 3. It is a now concept as it is related to a given period ot time 4. It is prepared as per Double Entry System, Inflows Of foreign exchange are recorded on the credit Sido and outflows cn the debit side, 12.2 MEANING OF BALANCE OF TRADE Balance of trade (BOO refers t? difference between the an ounts of exports and imports e' visible items (goods),

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