The dol­lar’s ef­fect on im­port and ex­port

Business First - - NEWS -

in­sur­able event,” said Mr. Phillips.

“This is huge risk to take for any im­porter. For in­stance, if your goods are sud­denly un­avail­able due to a dis­as­ter or theft, for ex­am­ple, you could lose a sig­nif­i­cant chunk of your in­come and com­pound the im­pact of the higher dol­lar.”

The ris­ing US dol­lar will also most likely lead to im­ported stock in­creas­ing in value, mean­ing it may no longer be ad­e­quately cov­ered.

Risks to ex­porters

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