21. Thus, by using local currencies, member countries can save their respective foreign currency earnings for the purpose of buying outside the Asean region. 22. Tourism is second only to tea exports as a source of foreign currency earnings for Kenya. 23. Cuba uses one third of its foreign currency earnings to import oil. 24. Economists here attributed the fall to a lack of rand buyers as South African exporters hold on to foreign currency earnings in the hope of increasing profits. 25. With Burundi now enduring an embargo, it has become impossible to export tea and cofee, on which it depends for foreign currency earnings. 26. On the domestic front, the horticultural industry is now tailing the tobacco industry in terms of foreign currency earnings. 27. Only major exporters escape this problem, repatriating their foreign currency earnings from abroad as needed. 28. The embargo has made it impossible for Burundi to export tea and coffee, on which it depends for foreign currency earnings. |
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