It would then arrange to have an equivalent amount in foreign currency deposited in the client's accounts offshore.
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As shown in the second table below, the ten largest of these firms generated 42% of their 2003 revenue outside the U.S. Aided by a weak dollar (the same amount of sales in foreign currencies now gets translated into more U.S. dollars), foreign sales rose 17% in 2003, versus 7% for domestic revenue.
It has to have a stable, trustworthy government that is carrying out a set of constant development reforms that bring in new industries, reform the banking sector and have a good amount of foreign currency reserves in order to pay for foreign obligations and protect against attacks on their currencies.
However, in the last purchase they cut their bailout bond orders to half that amount, adroitly stating holdings in the foreign reserves.
But does it worry him that there has been a significant amount of land bought in Africa by foreign investors who want to grow biofuels or food for themselves?
Perhaps more telling is the fact that the money they send back home surpasses the amount of money the countries receive in direct foreign investment and official development aid.
But this research also shows that other factors, such as government economic policies, local enterprise, the efficiency of public administration and the amount of foreign direct investment are just as important in raising economic performance.
Southeast Asia's largest bank by assets, secured an extra two months on its deadline to take over PT Bank Danamon, in what could amount to Indonesia's largest-ever foreign investment.
Beijing also increased the amount of revenue foreign movies are allowed to collect from distribution in China to 25% of overall ticket sales from the earlier limit of 13%.
Spotting yet another opportunity, he soon started a small foreign exchange business, which brought in a substantial amount of money.
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This could result in foreign firms revealing more information, though it would amount to enforcement of existing rules rather than an expansion of disclosure requirements.
Laws of general applicability that require persons to meet certain general requirements of citizenship, such as paying taxes, cannot be avoided by the fact that they indirectly make it more difficult to fulfill a purely religious duty, such as a member tithing a certain amount to his church or making a pilgrimage to a shrine in a foreign country.
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One greenback buys around 45 rupees on the foreign-exchange market, but that amount stretches three times as far in India as it does in America, according to the World Bank's comparisons of purchasing power.
So too is the record amount of foreign capital flowing into the country and a trade deficit that's tripled in the last year.
Pakistan delegation members in Colombo complained that they were short of shopping money because foreign currency restrictions are tight and the amount of money they can take out of Pakistan is tiny.
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