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From independence until the early 1970s, tourism was a major part of the economy and ranked third after coffee and cotton in producing foreign exchange.
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"The pressures on people to produce revenues is extraordinary," a foreign exchange executive said.
Yet Nigeria is among the top five suppliers of oil to the U.S. The Niger Delta, which is home to more than 30 million people and is considered one of the world's most important ecosystems, produces almost all of Nigeria's foreign exchange earnings.
Anticipatory purchases of foreign exchange tend to produce or at any rate to hasten the anticipated fall in the exchange value of the national currency, and the actual fall may set up or strengthen expectations of a further fall... Exchange rates under such circumstances are bound to become highly unstable, and the influence of psychological factors may at times be overwhelming".
On this land, our farmers produce, feeding our people and providing valuable foreign exchange which has fuelled our still limited social and economic development.
Many of them have neither the capacity to produce all the food they need nor the foreign exchange to import it.
lasiocalyx (Planchon ex Watt; intermediate leaf), traditionally referred as China, Assam and Cambod varieties, respectively are the important source of foreign exchange for almost all the tea producing countries in the world, including India.
Egypt has to find the foreign exchange reserves, manage its budget including state expenses, produce economic growth as well as jobs for the large number of unemployed.
These private institutes have consciously focused on producing nurses for the international labour market, and this has successfully generated employment and remittances of foreign exchange for a country that has been in severe need of both [ 7, 19, 28].
Another lies in foreign exchange.
London, New York, and Tokyo dominate foreign exchange trading.
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CEO of Professional Science Editing for Scientists @ prosciediting.com