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.
California Psychologist And Doctor Charged With Fraudulent Workers' Comp Evaluations
BILLION DOLLAR DRAIN Many super-rich have moved to tax havens such as Monaco
Toffshore accounts; A baron, a viscount and six knights among third of UK billionaires to quit country
BILLION DOLLAR DRAIN Many super rich have moved to tax havens such as Monaco.
Toffshore accounts; A baron, a viscount and six knights among third of Brit billionaires to quit the country
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.
PH's 2018 dollar outflow blows through BSP's worst-case forecast
A stronger dollar would discourage imports of non-essential items and help stop the dollar drain.
Dollar falls by Rs5.86 as China lends $2b to Pakistan
The import was banned to stop dollar drain out and to strengthen rupee value against dollar.
Govt urged to curb elements involved in gold smuggling
Currently, PCE is a multi-million dollar drain on state financial resources.
New trends emerging in Alaska's forest industry: national concern over the country's growing dependence on oil imports added impetus to the notion of finding alternative sources of energy, and the sentiment is no less strong in Alaska
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.
Investing in technology--the real challenge
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.
Dot-Com Dance
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.
"We can do it here in Indiana." (advertising services)
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.
A dozen ways to achieve more cost effective micro-biology
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