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Foreign currency is important to a country for international trade, investment, and financial stability. It allows countries to buy goods and services from abroad, attract foreign investment, and maintain stable exchange rates. Having a diverse portfolio of foreign currencies can also provide a buffer against economic shocks and fluctuations in the domestic currency.
What else can I help you with?
Ministry of foreign affairs located?
The Ministry of Foreign Affairs is typically located in the capital city of a country. It is responsible for managing a country's foreign relations and diplomatic missions with other countries.
Why do central banks intervene in the foreign exchange markets and what are the reasons behind their decision to do so?
Central banks intervene in the foreign exchange markets to stabilize their country's currency value. They do this to prevent excessive fluctuations in the exchange rate, which can impact the economy. Reasons for intervention include maintaining export competitiveness, controlling inflation, and ensuring financial stability.
Is an ambassador the leader of a foreign country?
No, an ambassador is a diplomat who represents their own country in a foreign country. They serve as the official channel of communication between the two countries and work to promote mutual understanding and cooperation.
What is it called when you are not involved with foreign affairs?
When a country chooses not to be involved in foreign affairs, it is often referred to as neutrality or isolationism. This means that the country does not take sides or participate in international conflicts or agreements.
What is the word for being kicked out of a foreign country?
Expelled or Deported.
What is importance of garment on employment in Bangladesh?
to employ workers, to earn foreign currency, to prosper the country
What is the foreign exchange?
Foreign exchange refer to the act of exchanging one country's currency by a different country's currency.
What is a foreign exchange?
Foreign exchange or Forex refer to exchanging one country's currency by another country's currency.
What is the importance of foreign currency generated by the tourism indutry?
:D
What is a foreign currency?
A currency from a country in which you don't reside. For instance, to an American, a peso would be considered foreign currency. To a Mexican, a penny would be considered foreign currency.
What is Foreign Exchange?
Currency of another country
What is the importance of the foreign currency generated by the tourism industry?
fork u
The price of one country's currency if you were to buy it with another country's currency is known as the?
Foreign Exchange (FX) rate
How can one identify foreign currency?
One can identify foreign currency by looking at the symbols, colors, and images on the bills or coins. Each country has its own unique currency design that can help distinguish it from others. Additionally, foreign currency usually has the name of the country written on it in the local language.
What is the definition of foreign currency?
foreign currency just refers to the money used in other countries. For instance, in America, Chinese money is foreign currency.
What are the sources of supply of foreign exchange?
The supply of foreign exchange of a given country stems from the sale of foreign merchandise, services, and capital to that country. When foreigners want to buy a country's exports, they must purchase it currency with their own. Thus the supply of one country's currency available to a second country is closely related to the demand for the second country's currency. When the demand schedule of a given country for a foreign currency is known, the supply schedule of the foreign country's exchange can be frequently derived from it. BY TAVINDER SINGH CAREER BUILDER C-1503 INDIRA NAGAR,LUCKNOW
What does foreign currency means?
Foreign currency is basically currency or denomination of another country. The term is mostly used in context with foreign exchange also known as forex. There are a number foreign echange specialists like Travelex India etc that do currency conversion.
