The foreign exchange authority provides an importer with foreign currency to import a good – such as: Gold – on the condition that the importer transfers the processed goods – e.g. gold jewelry, gold watches – to the foreign exchange market within a specified period of time: Gold jewelry, gold watches – within a specified period of time to the foreign exchange country and then deliver the foreign exchange proceeds to the authority. – By granting a corresponding debit quota, it can be achieved that this measure triggers strong incentives for foreign exchange-generating exports – in the example: very high value-added processing of the imported raw material gold. – See foreign exchange allowance procedure, unit value ratio.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/