Philippines remittances up 3% to $2.67 billion in March

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Reuters
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May 15, 2023 - 2:12 PM
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Customers receive money from families working abroad at a money remittance center in Makati City, Metro Manila, Philippines, September 19, 2018. (Reuters/Eloisa Lopez/File Photo)

MANILA— Cash remittances sent home by overseas Filipinos rose 3% to $2.67 billion in March from a year earlier, the Philippine central bank said on Monday.

Cash remittances sent through banks in the first quarter totaled $8 billion, up 3% from a year earlier, it said in a statement.

—Reporting by Neil Jerome Morales; Editing by Martin Petty

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