By Katherine K. Chan, Reporter
CASH REMITTANCES from Filipinos abroad expanded at its slowest pace in over four years in June even as the monthly level reached a six-month high, Bangko Sentral ng Pilipinas (BSP) data showed.
Overseas Filipino workers (OFWs) sent home $3.039 billion in cash remittances in June, rising by 1.7% from $2.987 billion a year ago.
This was the highest monthly remittance inflows since December last year, when it reached $3.522 billion.
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