Philippines November cash remittances up 5.7% y/y at $2.64 billion

January 16, 2023 - 5:18 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 by overseas Filipinos rose 5.7% to $2.64 billion in November from a year ago, the Philippine central bank said on Monday.

Between January and November, cash remittances through banks increased 3.3% to $29.38 billion, it said in a statement.

—Reporting by Enrico Dela Cruz