Philippines remittances up 5.8% in December, rises 3.6% for 2022

February 15, 2023 - 4:41 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 5.8% to $3.16 billion in December from a year ago, the Philippine central bank said on Wednesday.

For the entire 2022, cash remittances through banks increased 3.6% to $32.54 billion, it added.

—Reporting by Neil Jerome Morales; Editing by Martin Petty