By Luisa Maria Jacinta C. Jocson, Reporter
MONEY SENT HOME by overseas Filipino workers (OFW) rose by an annual 3.3% in November amid the peso depreciation against the US dollar, the Bangko Sentral ng Pilipinas (BSP) said.
Data from the central bank showed that cash remittances coursed through banks grew by 3.3% to $2.81 billion in November from $2.72 billion in the same month a year ago.
However, the amount of remittances in November was the lowest in six months or since the $2.58 billion posted in May.
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