These private institutes have consciously focused on producing nurses for the international labour market, and this has successfully generated employment and remittances of foreign exchange for a country that has been in severe need of both [ 7, 19, 28].
Application of such knowledge and skill, often, could be facilitated through accumulation of large sum of money coming in the form of foreign remittance.
Its services include absorption of deposits, granting loans, discounting of notes, issuance of financial bonds, trading of government bonds, inter-bank lending/borrowing, issuance of bank guarantee, foreign currency deposit, loans and remittance, purchase and sale of foreign currencies, and trading of financial derivatives.
This is a varied group indeed, comprising recipients of foreign remittances from their families, workers in service industries who receive gratuities, tourist enterprises catering to foreigners, members of the armed services, workers in some industries who are paid partly in dollars, and even those working in the sex trade.
Gold and cocoa production and individual remittances are major sources of foreign exchange.
This huge land transaction's profit is going to the hand of few land and housing development project developers, black money traders, senders/receivers of foreign remittances and private sector professionals are among the bidders.
Close to 500 Cuban doctors were working in South Africa at any one time, their remittances an important source of foreign currency and taxable public revenue for Cuba [ 38].
Family remittances have become the largest income source for thousands of households, and also the primary source of foreign exchange (remittances are equal to about 80% of exports of goods and services).
Remittances became the major source of foreign aid to Haiti, comprising up to a third of the money flowing into the country by the early nineteen-eighties.
Remittances, the second-biggest source of foreign exchange for Mexico, are flat and falling, said Leonardo Martinez-Diaz, a Mexico expert and political fellow at the Brookings Institute.
Up to 1,000 North Koreans work in Malaysia and their remittances are a valuable source of foreign currency for the isolated regime.
