Having sufficient convertible currencies to pay import bills is an important concern particularly in developing nations

Name: Having sufficient convertible currencies to pay import bills is an important concern particularly in developing nations
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Question

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Developing nations often face challenges in maintaining adequate reserves of convertible currencies, which are necessary for paying for imports, due to their limited access to foreign exchange markets and reliance on a narrow range of export products.

Having Sufficient Convertible Currencies to Pay Import Bills Is an Important