Philippines October cash remittances up 3% to $3 billion

December 17, 2023 - 9:54 AM
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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 increased 3% to $3 billion in October from a year ago, the Philippine central bank said on Friday.

Between January and October, cash remittances through banks rose 2.8% to $27.49 billion.

— Reporting by Neil Jerome Morales; Editing by Kanupriya Kapoor