0
What is the importance of the foreign currency by tourist industry?
Wiki User
∙ 11y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is FIT in hotel industry?
foreign individual tourist
Why is foreign exchange generated by the tourist industry is important?
it is important because
Will any us bank convert your foreign money?
Yes. Most banks will convert your foreign currency cash into the local currency. They will do it only if you are either:A foreign national who is on a tourist trip to the nation and need local currency orYou were employed in a foreign country and are trying to convert your earnings abroad into the local currency for use.
What is the significance of foreign exchange rate?
Foreign Exchange student programs are important to a country because it gives students opportunities that might not exist in their home country. Foreign Exchange of currency is important for the tourist industry and the trade industry.
What are the advantages and disadvantages of tourism industry?
The main advantage of tourism industry is that it helps the country to earn foreign exchange from the tourists.Further, the tourist spots are highlighted before both domestic and foreign tourists which helps the local inhabitants to earn their livlihood. One of the disadvantages of tourism industry is that sometimes places of strategic importance are bared open before the outer world,thereby posing security risk for the country.
What is tourist industry?
the tourist industry is the tourism level and things of tourism in the world for example hotels are part of the tourist industry airports and plains are part of the tourist industry ETC...
How does Jordan survive with few resources?
Jordan gets much of its budget from its tourist industry as well as AID from foreign countries.
How Jordan survive with so few resources?
Jordan gets much of its budget from its tourist industry as well as AID from foreign countries.
How does Jordan survive with so few resources?
Jordan gets much of its budget from its tourist industry as well as AID from foreign countries.
Can you purchase foreign currency at local banks?
Yes. Most major banks in the world offer foreign currency sales in their branches. Though not all branches of a bank deal with it, the main branches in important cities do that. All you need is:A passportProof that you are going to visit a foreign nation (Either on tourist or employment visa)Money in local currency to pay the bankThe bank will collect the local currency money and give you the foreign currency equivalent of it. The bank may also charge you a fee for doing so
Under Roman rule what became a new important industry in the Greek economy?
Tourist Industry. Tourist Industry.
What creates economic issues in the tourism industry?
the foreign currencies that tourist bring along and spend in the country and how much they find the country to their liking.Also the culture and tourist site the country may have fund the economy where as other service sectors may have a profound effect on tourist spending.
