accurate statistics about the stock of filipino temporary overseas workers are difficult to generte. nonetheless, the number may be huge, judging by estimates of overseas income remittances. according to the bangko sentral ng pilipnas (BSP) in 2006, income remittance of overseas filipino workers amounted to US$ 12.76 billion and increasad by a further 13.23 percent in 2007 to US$14.45 billion. Rernittances from overseas workers represent the largest single foreign-exchange earner of the country. transforming these remittance into productive opportunities is a major concern of the BSP and the banking system.