remittances can't be classified as export revenue because they are transfers of income, not payments for goods or services produced within the country, and are classified under the Current Account (transfers) rather than the Trade Account (exports) of the Balance of Payments. While remittances are a top foreign exchange source ,they represent personal income sent by diaspora citizens, not revenue from selling tea, coffee, or manufacturedExports is a forex earner, remittance is also a forex earner... kwani hesabu za forex earnings zikipigwa remittance hazitahesabiwa ama? Si zote huhesabiwa pamoja, sasa ulikua unapinga nini?
Mayotte ni very poor kuliko Comoros.
Ndio maana nilisema unabishana hata vitu huelewi. FDI is not counted as a forex earner, so why bring it up on this discussion?Uwe unasoma na kuelewa Fdi ( foreign direct investment) na forex reserve ni sawa? 🤣🤣🤣🤣
remittances can't be classified as export revenue because they are transfers of income, not payments for goods or services produced within the country, and are classified under the Current Account (transfers) rather than the Trade Account (exports) of the Balance of Payments. While remittances are a top foreign exchange source ,they represent personal income sent by diaspora citizens, not revenue from selling tea, coffee, or manufactured
Exports must be goods or services produced within Kenya and exported .
Na ndio maana huwez zikuta kwenye account ya trade account sababu ni hazihusiani na biashara.
Shida elimu ya biashara kwenu ni mtihani.
Transfer haiwezi kamwe kuwa earning kutokana na biashara.
Bongoslum forex reserve is at $6.2billion while Kenya is at $13.6 billion. Hio $1.5 billion yako umetoa wapi?
Sio Kila pesa inayotoka nje ni export Buda mtafute accountant yoyote akufundishe tofauti ya transfers na revenue . Remittances ni transfers zinatokana na kufanya utumwa huko ughaibuni na ndo maana huzikuti kwenye trade accountNdio maana nilisema unabishana hata vitu huelewi. FDI is not counted as a forex earner, so why bring it up on this discussion?
Sasa wewe ndio unajua kuliko CBK sio?
Diaspora Remittances
A remittance is money sent by a person in a foreign land to his or her home country. Due to the huge sums involved, remittances are now being recognised as an important contributor to the country’s growth and development.
The Central Bank of Kenya conducts a survey on remittance inflows every month through formal channels that include commercial banks and other authorised international remittances service providers in Kenya.