1.   But developing countries are still dependent for all their foreign currency earnings upon the fluctuations of commodity prices on the world Market.

2.   The pound has been devalued, making exports more profitable and foreign currency earnings more attractive, while foreign suppliers find the UK market tougher and less profitable.

3.   A rising mark makes German exports less competitive and erodes the value of exporters foreign currency earnings.

4.   A weaker mark tends to help German exporters by making their products more competitive, and by raising the value in marks of their foreign currency earnings.

5.   Foreign currency earnings from state oil company Petroleos de Venezuela SA account for much of the windfall revenue, Matos Azocar said.

6.   It also erodes the value of their Japanese currency earnings.

7.   Russian businesses have also kept foreign currency earnings in London instead of repatriating them, in order to dodge taxes at home.

8.   This increases the competitive advantage of Japanese exporters and raises the value of their U.S. currency earnings.

9.   Yen appreciation earlier this year made Japanese exports less competitive and eroded the value of their foreign currency earnings.

10.   Persian carpets are the second major source of foreign currency earnings for Iran after oil.