Sentences with phrase «exchange earner»
The phrase "exchange earner" refers to a person or entity that earns money by selling goods, services, or resources to other countries. They earn foreign currency through these exports, which helps strengthen their country's economy. Full definition
Cocoa, has been a major foreign exchange earner for the country, and rakes in millions of dollars in revenue annually.
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For instance, before now, the minister said cocoa was the second largest foreign exchange earner for Nigeria after crude oil, generating over two million jobs directly and indirectly along its value chain.
Mr Brobbey said the tourism industry could become a major foreign exchange earner given the necessary policy interventions and direction.
Borrowing in foreign exchange by an exporter / foreign exchange earner upto three times of the average amount of his annual foreign exchange earnings during the previous three years subject to a maximum of US$ Ten million or its equivalent, with a minimum average maturity of three years.
Citrus Tour — Belize citrus industry is one of the top three foreign exchange earners as well as the second most important agricultural activity.
Speaking as a minister, he said that time had come to reposition the cocoa industry to become a major foreign exchange earner for the country.
Dairy is New Zealand's largest foreign exchange earner, accounting for 28 percent of overseas sales.
Tourism contributes 12 percent of Kenya's GDP (gross domestic product) and is a major foreign exchange earner.
Mr. Wensheng argues that China should use bitcoin mining surplus power for productive purposes, stating that «China's surplus power [can be used] to produce surplus power to produce bitcoin, [which can be] sold to the South Koreans, Japanese, and Americans» — making China «a bitcoin foreign exchange earner.»