Philippines cash remittances up 3.2% year-on-year in April

June 17, 2024 - 10:29 AM
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 3.2% to $2.56 billion in April from a year earlier, the Philippine central bank said on Monday.

In January to April, cash remittances by millions of Filipinos living and working abroad increased by 2.8% from the same period a year earlier to $10.78 billion.

—Reporting by Neil Jerome Morales; Editing by John Mair