Philippines cash remittances up 3.3% y/y in November

January 15, 2025 - 2:22 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 3.3% in November from a year earlier to $2.81 billion, the Philippine central bank said on Wednesday.

That brought cash remittances through banks in the January-to-November period to $31.1 billion, up 3.0% from the same year ago period.

Cash remittances were projected to grow 3.0% for full-year 2024.

—Reporting by Karen Lema; Editing by John Mair