Australia has a lot of foreign businesses and it has a lot of immigrants. Both earn Australian dollars and huge amounts would be sent back their country of origin.
His does Australia balance its books on something like this? How do the economics of it work? Would it lower Australian inflation but shortening the money supply, and raise inflation of the destination country as it prints more money to exchange the Australian dollar?
Isn’t it the same as having to import whatever the person was paid $1000 to make, but you have the benefit of it being produced locally, you don’t import the item you import the labor to build it.