Philippine June cash remittances up 2.1% year-over-year at $2.81 billion — BSP

August 15, 2023 - 3:45 PM
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 sent home by overseas Filipinos in June rose 2.1% from a year earlier to $2.81 billion, the Philippine central bank said on Tuesday.

Cash remittances sent through banks in the first half of the year totaled $15.79 billion, up by 2.9% versus the same period last year, it said in a statement.

—Reporting by Enrico Dela Cruz and Neil Jerome Morales; Editing by Jacqueline Wong