Philippines cash remittances up 3% to $2.65 billion in February

April 15, 2024 - 12:20 PM
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 sent home by overseas Filipinos rose 3% from a year earlier to $2.65 billion in February, the Philippine central bank said on Monday.

For the first two months of 2024, cash remittances through banks increased 2.8% from a year earlier to $5.48 billion.

— Reporting by Neil Jerome Morales; Editing by John Mair