Philippines cash remittances up 2.5% yr/yr in March

May 15, 2024 - 1:16 PM
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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 sent home by overseas Filipinos rose 2.5% from a year earlier to $2.74 billion in March, the Philippine central bank said on Wednesday.

For the first three months of 2024, cash remittances through banks increased 2.7% from a year earlier to $8.22 billion.

—Reporting by Karen Lema; Editing by John Mair