Dollar drain

Dollar drain

The impact of importing from foreign countries more than exporting to them. The money required to finance the import purchases removes dollars from the importing nation.
References in periodicals archive ?
"Workers' compensation insurance fraud is a multi-billion dollar drain on our state's economy," Insurance Commissioner Ricardo Lara said in a statement.
BILLION DOLLAR DRAIN Many super-rich have moved to tax havens such as Monaco
BILLION DOLLAR DRAIN Many super rich have moved to tax havens such as Monaco.
With the dollar drain represented by the large balance of payments deficit for this year -along with next year's expected gap of $3.5 billion- bankers and economists expect the peso to gradually weaken against the US dollar.
A stronger dollar would discourage imports of non-essential items and help stop the dollar drain.
Health insurance fraud is a multi-billion dollar drain on California's economy and results in higher insurance premiums for business and consumers.
The import was banned to stop dollar drain out and to strengthen rupee value against dollar.
If these people elect to return to their native countries, then we may experience a brain drain to go along with our dollar drain, our manufacturing drain, and our current account drain.
AS THE DOT-COM DOLLAR DRAIN ENters its second year, many home building-related Internet companies are running low on cash and struggling to survive.
Nobody really totals the dollar drain, but Mike Ruggiero, part owner of Perennial Pictures Film Corp., an animation studio in Indianapolis, thinks it has been up to 20 percent.
Now that prospective payment has imposed limits on consumption of laboratory resources, inappropriate test utilization by clinicians can represent a serious dollar drain. Microbiology, one of the laboratory's least automated and most labor-intensive areas, is particularly liable to incur financial losses from excessive test ordering.