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What is the importance of foreign currency generated by the tourism indutry?
:D
What is the importance of the foreign currency by tourist industry?
The foreign currency generated by the tourist industry is crucial for a country's economy, as it boosts foreign exchange reserves and helps stabilize the national currency. It also stimulates local businesses and creates jobs, contributing to overall economic growth. Additionally, the influx of foreign currency can facilitate infrastructure development and improve public services, enhancing the quality of life for residents. Ultimately, a strong tourism sector can lead to greater global competitiveness and economic resilience.
Why is foreign exchange generated by the tourist industry is important?
it is important because
What is importance of garment on employment in Bangladesh?
to employ workers, to earn foreign currency, to prosper the country
What is the Importance of hotel industry in generating foreign exchange?
to increase revenue in a country
Importance of foreign exchange rate?
The foreign exchange rate helps determine the value of money. When the exchange rate is high, then the currency is less valuable.
Importance of hotel industry in generating foreign exchange?
if i am visited a hotel for purchase foreign exchange what question's put to me from purchase manager to me.
What is the importance of foreign currency to a country?
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 factors create a foreign exchange gain on a foreign currency transaction?
An appreciation in a foreign currency creates a foreign exchange gain when the foreign currency is to be received. A decrease in the value of foreign currency creates a foreign exchange gain when the foreign currency is to be paid. (Hoyle, Schaefer, Doupnik, 2009, pp. 328)
What is the importance of agriculture in Namibia?
Emloyement creation Foreign currency Rural linkage Food production Education and Training etc.
What determines the foreign currency value against Indian currency?
The foreign currency against domestic currency is the buying and selling
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.
