Philippines September cash remittances up 2.6% y/y at $2.91 billion

November 15, 2023 - 3:34 PM
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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 rose 2.6% to $2.91 billion in September from a year ago, the Philippine central bank said on Wednesday.

Cash remittances sent through banks in the first nine months of the year reached $24.5 billion, up 2.8% from the same period last year, it said in a statement.

– Reporting by Mikhail Flores