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Cash remittances rise 2.7% in Feb.

15 April 2025
in Business
Reading Time: 3 mins read
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Cash remittances rise 2.7% in Feb.
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MONEY SENT HOME by migrant Filipinos rose by 2.7% year on year in February, the slowest in nine months, data from the Bangko Sentral ng Pilipinas (BSP) showed.

Cash remittances from overseas Filipino workers (OFWs) coursed through banks increased to $2.72 billion from $2.65 billion in the same month in 2024.

The growth in February remittances was slower than the 2.9% rise in January, and the slowest since the 2.5% growth in June 2024.

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