By Katherine K. Chan, Reporter
CASH REMITTANCES rose to its highest monthly level in July this year as overseas Filipino workers (OFWs) sent home more money ahead of the school season, with the weak peso also providing some support, preliminary central bank data showed.
According to the Bangko Sentral ng Pilipinas (BSP), cash remittances coursed through banks grew by 1.9% year on year to $3.24 billion in July from $3.179 billion.
This was the highest value of monthly remittances seen in seven months or since the $3.522 billion logged in December 2025.
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