Philippines cash remittances up 3.5% y/y in October

December 15, 2022 - 2:11 PM
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Philippine Peso bills sent by a Filipino working abroad are pictured being received by a relative at a money remittance center in Makati City, Metro Manila, Philippines, September 19, 2018. (Reuters/Eloisa Lopez)

 Cash remittances by overseas Filipinos rose 3.5% to $2.91 billion in October from a year ago, the Philippine central bank said on Thursday.

In January to October, cash remittances through banks increased 3.1% to $26.74 billion, it said in a statement.

—Reporting by Enrico Dela CruzEditing by Ed Davies