Philippines cash remittances up 2.7% in January

March 18, 2024 - 10:24 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 rose 2.7% to $2.84 billion in January from a year ago, the Philippine central bank said on Friday.

Cash remittances sent home by Filipinos living and working abroad reached a record $33.5 billion last year, up 2.9% from 2022.

— Reporting by Neil Jerome Morales; Editing by Alison Williams