Philippines’ cash remittances up 4.3% in August

October 18, 2022 - 11:57 AM
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A man counts a wad of Philippine Peso bills he received from a relative working abroad at a money remittance center in Makati City, Metro Manila, Philippines September 19, 2018. (Reuters/Eloisa Lopez)

 Cash remittances rose 4.3% to $2.72 billion in August from a year ago, the Philippine central bank said on Monday.

In January to August, cash remittances through banks increased 3% to $20.99 billion.

—Reporting by Neil Jerome Morales; Editing by Martin Petty