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Cash remittances hit $2.98B in Aug.

15 October 2025
in Business
Reading Time: 3 mins read
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Cash remittances hit .98B in Aug.
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By Katherine K. Chan

MONEY SENT HOME by overseas Filipino workers (OFW) went up by 3.2% year on year in August, as the weaker peso drove up the value of remittances, data from the Bangko Sentral ng Pilipinas (BSP) showed.

In a statement, the BSP said cash remittances coursed through banks increased by 3.2% to $2.977 billion in August from $2.885 billion in the same month last year.

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