Philippines cash remittances up 3.2% in August

October 15, 2024 - 2:49 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)

 Cash remittances rose 3.2% to $2.89 billion in August from a year ago, the Philippine central bank said on Tuesday.

Cash remittances sent through banks increased 2.9% to $22.2 billion for the first eight months of the year.

— Reporting by Mikhail Flores