Philippines cash remittances up 2.8% y/y in November

January 15, 2024 - 4:34 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 rose 2.8% to $2.7 billion in November from a year ago, the Philippine central bank said on Monday.

In January to November, cash remittances sent through banks increased 2.8% to $30.2 billion, the central bank said in a statement.

— Reporting by Neil Jerome Morales