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Unemployment, poverty, inflation, shortage of food and demand for foreign currency have major impact on the wildlife in the country.
And their demand for foreign currency has strained the Soviet Union's hard-currency resources.
Imposing tariffs on imported goods will artificially reduce that sector's demand for foreign currency, leading to further appreciation of the real exchange rate.
The net import of gold meant that the foreign demand for American currency to purchase goods, services, and investments exceeded the corresponding American demands for foreign currencies.
In a country with strict foreign exchange regulations, the demand for foreign currency will be satisfied in the holding of foreign currency assets abroad and outside the domestic banking system.
CBI announced that it would be fixing the official rate of the rial against the Dollar at 12,260 rials from 28th January 2012 and seek to meet all demand for foreign currency through banks.
Foreign Currency in Demand The sharp rise in the number of Soviet citizens permitted to travel to foreign countries has created a huge demand for foreign currency, which the country is not willing to meet with its limited hard-currency reserves.