Philippines cash remittances up 2.5% in June

August 16, 2024 - 5:08 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 rose 2.5% to $2.88 billion in June from a year ago, the Philippine central bank said on Thursday.

Cash remittances through banks increased 2.9% to $16.25 billion in the first half of the year.

 —Reporting by Neil Jerome Morales and Mikhail Flores; Editing by Martin Petty