This website uses cookies to ensure you have the best experience. Learn more

Remittance Essay

327 words - 2 pages

Abstract
After foreign direct investment, the second largest type of flows into developing countries, are workers’ remittances (ReenaAggarwal, 2006). Pac news reports” Fiji is estimated to have received $247million (US$165m) in inward remittances in 2007. However, the report said that the true size of remittances including unrecorded flows through formal and informal channels is believed to be larger. The report noted that the acting deputy governor of the Reserve Bank of Fiji, Barry Whiteside, had highlighted ...view middle of the document...

Further to this, through this case, it can be interesting to distinguish how remittances affect other pacific island countries in similar context. What are the factors that lead to remittances and how remittance income is actually utilized? Contradictions on remittances has been based on increased dependence, but this gives rise to another major question as to where remittance income is used and has there been development in those areas or not and what could have been the circumstance/status had remittance income not being one of the major source of income. This case will also focus on the role of markets, communities and bureaucracy to suggest ways in which governmental bodies can assist in increasing remittance inflows and strategies used in maximizing development impact. A total of 50 questionnaires were handed out to ANZ Fiji clients who are members of my community receiving remittances frequently. This was tracked down as a result of regular SWIFT into the account. Clearly this case study concludes with the notion that Fiji can take full advantage of remittance as a fuel to boost development and not as a replacement.

Other assignments on Remittance

Ba Case Essay

473 words - 2 pages MBA MKT 670 Bank of America Case 1. What benefits does mobile banking provide to consumers? Why haven't many consumers adopted mobile banking yet? Mobile banking provides convince, less fees, better service through increased engagement. It offers customers to transfer money to other people as well as internationally in the global remittance markets. It also allows people in poor countries to better their standard of living by being

Research On Currency Of Bangladesh Essay

4139 words - 17 pages remittance have relatively declined. As a result Bangladeshi Taka against dollars has depreciated. The exchange rate against the US dollar has dropped and the USD stands at 1:74.69 against taka in August. Figure: Exchange rate fluctuations over the month 2010-2011 Source: Statistics Department, Bangladesh Bank. Bangladesh Economic Review The nominal exchange rate of US dollar is 74.15 in June 2011 whereas it was 69.44 in June 2010. The

Pawnshops

1019 words - 5 pages | Remittance | 12 | 17.39 | Established Name | 10 | 14.49 | Quick Cash Loans | 8 | 11.59 | Charge Rates | 7 | 10.15 | Special/Dried Products | 1 | 1.45 | No Advance Interest | 1 | 1.45 | TOTAL | 69 | 100% | *69 ang total kay they may check several man… Table 6 Accepted for Pawning N=20 | FREQUENCY | PERCENTAGE | Gold Jewelries | 20 | 28.17 | White Gold Jewelries | 16 | 22.53 | Appliances | 9 | 12.68 | Platinum | 9 | 12.68

Case 09-9

1620 words - 7 pages -Valuation Account distribution Strengths H. Verifies details on goods received with the receiving report I. Matching control tape with purchase summary for the processed invoices Payment Processing Flowchart: Strengths J. Matching the checks with the documents, amount and remittance details K. Checks are reviewed before signing for approval. L. Cancelled checks/documents to avoid duplication. M. Mailed check

Mangement Accounting

1595 words - 7 pages and development banks were established and the process is being continued. Commercial banks play significant role in the economic development in the nation. In Nepal about 32 commercial banks are in operation and providing services to the business and industries through long-term and short-term loans and facilitating business for foreign exchange and remittance via national and international network. The development of banking system in Nepal

Brazil Risk Analysis

2988 words - 12 pages . Capital gains of companies are added to the regular income. Brazilian law gives the same protection and guarantees to foreign capital investments that it gives to investments made by Brazilian nationals. Special incentives are offered for investments in mining, fishing, tourism, shipbuilding, and reforestation and for projects undertaken in the northeast and Amazon regions. Brazil's Foreign Capital and Profit Remittance Law of 1962, as amended

Absrux

9046 words - 37 pages at this moment due to the technology backwardness, infrastructural underdevelopment and legal infrastructure. Those products would be very useful for export-oriented industry to reduce lead-time in export and keep comparative advantage in the international market. For sending foreign remittance four nationalized banks and fifteen private banks are working collaboratively with mobile phone service operators. Recently remittance could be

Managers Job In Context

2298 words - 10 pages Interactions Within the organization, Mr. Anasari has numerous interactions with employees in accomplishing his objectives for the bank. These may include; human resource manager, operations manager, marketing officer loan officer, credit manager, accountant, bank cashier, customer services manager, financial consultant/adviser and foreign remittance manager. In addition to the internal employees, Mr. Anasari may also have to interact with people outside

Stock Market Bangladesh

2424 words - 10 pages , during military-backed regime investment in real sectors as well as FDI decreased but the inflow of foreign remittance increased. At that time, investors were looking for alternative investment sector to invest their savings and found stock market as an attractive alternative. According to Centre for Policy Dialogue (CPD) 2011, the total number of BO Account holders on 20th December, 2010 reached to 3.21 million though the number was 1.25

E-Commerce

2118 words - 9 pages demestricfront. In addition, non-availability of international credit cards, foreign currency remittance retractions, delays and informal payments at customs clearance even for small value and quantity items will discourage B2C Business-to-Consumer (B2C) Where enterprises sell directly to the customer, often cutting out whole sales or retail outlet. B2C is the most commonly understood form of internet business. For example www.muktobazaar.com

Current Situation Of Inflation In Bangladesh

8353 words - 34 pages No. | 01 | Rate of Inflation (National) | 28 | 02 | Monthly Rate of Inflation (Point- to- Point) during FY 2009-10 | 30 | 03 | Year-wise inflation rate & percent change | 32 | 04 | Year-wise percent change in inflation rate | 33 | 05 | Money supply in Jul’08 | 38 | 06 | Money supply in Jul’09 | 38 | 07 | Money supply in Jul’10 | 38 | 08 | Inflow of Remittance | 40 | List of Figures Fig. no. | Figure Name | Page no

Similar Documents

National Remittance Conference Essay

5411 words - 22 pages NATIONAL CONFERENCE ON REMITTANCE FOR DEVELOPMENT IN NEPAL National Remittance Conference 2013 REPORT Kathmandu, Nepal 28 November 2013 Mandeep Karn Dibayashwor Raj Baidya Organized by National Banking Training Institute (NBTI) in association with the Asian Development Bank (ADB), and hosted by the Mr. Sanjib Subba, CEO and Company Secretary, NBTI. Acknowledgement APEX College would like to express its gratitude to the National

Literature Review On Remittance Nepal

3873 words - 16 pages Literature Review on Remittance - Nepal Introduction Remittances are funds transferred from migrants to their home country. They are the private savings of workers and families that are spent in the home country for food, clothing and other expenditures, and which drive the home economy. For many developing nations, remittances from citizens working abroad provide an import source of much-needed funds. In some cases, funds from

Asignment On Mission Of Lulu Exchange

1569 words - 7 pages worldwide along with several remote draft printing stations. It should be noted that Remittance and Currency Exchange business are Sharia compliant. In the next three years, plans are in place to take the company across continents which includes but not limited to the following: operations in every GCC country, consolidation of operations in India and a presence in Africa, Far East and Europe. The senior management team comprises of industry

Application Of Information System In South East Bank Limited (Sebl)

4677 words - 19 pages : ……………………………………………………………………………………………….…8 SEBL-Visa Credit Card: ………………………………………………………………………………………8 Money Transfer Services: ……………………………………………………………………………………….……10 SWIFT Services: ……………………………………………………………………………………………………………11 E-Statement Services: ………………………………………………………………………………………………….11 Electronic fund transfer: ………………………………………………………………………………………………11 Internet Banking services: ……………………………………………………………………………………………11 Remittance business Service