SEC-S15W5: "Foreign Exchange"

in hive-170554 •  last year 

Assalamu Alaikum

Hello Everyone I Am @memamun
From #Bangladesh


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Dear friends and brothers, hope all are well. Alhamdulillah I am also fine by the infinite mercy of Allah. Health is a great gift from God. I express my gratitude to him by thanking him for this blessing. Today I came to the Steam for Bangladesh community. Where the engagement contest is being organized. The subject of the contest is SEC-S15W5: "Foreign Exchange" From the best of my knowledge on this subject I will try to write inshallah. So let's begin.


Name 3 major ways your country earns foreign exchange. Briefly explain how each method works.

The first of the three main foreign exchange earning mediums in our country Bangladesh is on "Agriculture". In this country, various foods made by the hands of numerous farmers are developed in the fields, such as; Paddy, wheat, potato onion etc., I think this agriculture development is very high in our country, second medium is "garments", in my country There are many garments where thousands of daily new clothes are made, the clothes are sold abroad and used by foreign people, the third medium is "tourist center" We have many tourist centers in Bangladesh where foreign people are Goes around Travels, in this case our country develops and earns foreign exchange, I shared these three from my experience,



Which sector contributes the most to your country's foreign exchange earnings? Why?

Exports are considered to be the highest source of foreign exchange earnings in our country, because there is no such quantity of garments made in every district of this country and in our capital. People from every part of the country are working there and a lot of clothes are made here hour after hour or day after day. Also agriculture sector earns a lot of foreign exchange from raw material business and raw materials, but due to high cost of transportation, overall our foreign exchange earnings are highest in export value, after all I would say garments and our export of Bangladesh is the highest, that's what I think. And Speaking from my teaching experience,



Does your country's foreign reserves depend on this particular sector or are there many other sectors as alternatives?

It is not only this sector that our country has a full reserve of foreign exchange, apart from this sector, our country has many other sectors from which we can earn foreign exchange, such as agriculture sector, tourism sector, river canals, various tourism sectors, we have foreign exchange from here. Income is earned. Every sector of the country There is nothing that is not done in foreign exchange, but more or less our foreign exchange is earned, in this case, our development and our sincerity is the responsibility of all, including the responsible of the country.



What kind of problems do you think your country will face If this sector somehow collapses?

Our Bangladesh may face a huge problem if this sector collapses, every region every country every community has some sector from which people and community earn their livelihood and sustain and light the community and the country, if our This sector in Bangladesh There are some other sectors, so there will not be so much problem, but if not a big problem, some problems will be faced, since this sector is one of the main sectors of our country. So we always pray to the creator and wish that we do not face any kind of problem,


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Well friends, that's it for my participation, I hope it is to everyone's liking. And I thank you in advance for the comment and support that you are willing to leave me.


I invite @abdullahw2 @khursheedanwar and @cive40 to participate in this challenge.

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Thank you everyone

Good Bye



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Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.

¡Holaaa amigo!😊

Me hiciste recordar cuando leí en los libros de historia cómo era la adquisición de divisas en Venezuela a través de la agricultura porque, acá al igual que en tu país, en décadas pasadas se vivía de este sector pero, con la explotación del petróleo, todo cambio.

Te deseo mucho éxito en la dinámica, un fuerte abrazo💚

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