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The foreign exchange receipts from these sales are also helping cover the current account deficit.
From that date, all foreign exchange receipts were to be surrendered to authorized banks at the official rates of exchange.
Floriculture is a growth sector, and agricultural non-traditional exports now rival the mining industry in foreign exchange receipts.
To influence the money supply, some central banks may require that some or all foreign exchange receipts (generally from exports) be exchanged for the local currency.
Tourism accounts for 28% of the GDP and more than 60% of the Maldives' foreign exchange receipts.
Goa's total international tourists (roughly double the charter passengers) account for 5-10% of the national figure and 10-15% of the country's foreign exchange receipts from tourism.
Any decline in tourism quickly translates into a fall in GDP, a decline in foreign exchange receipts, and budgetary difficulties.
Its economy is based primarily upon international business (especially re-insurance, for which it is now a world center) and tourism, with those two sectors accounting for more than 70% of the total balance of payments current account foreign exchange receipts.
A report published in Le Monde on Sept. 19 noted that Egypt's earnings from workers overseas had hitherto been the main source of foreign exchange receipts, amounting to over $2,000 million per year, of which $500 million came from workers in Kuwait alone.