Philippine cash remittances up 3.3% y/y in September

November 15, 2024 - 2:45 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 increased 3.3% in September from a year earlier to $3.01 billion, the Philippine central bank said on Friday.

In January to September, cash remittances through banks rose 3% from the same period in 2023 to $25.23 billion.

—Reporting by Neil Jerome Morales