MONEY sent home by Filipinos abroad rose by year on year 2.3% in March, the slowest growth seen in nearly three years, according to preliminary Bangko Sentral ng Pilipinas (BSP) data.
Cash remittances, or money coursed through banks by overseas Filipino workers (OFWs), grew by 2.3% to $2.874 billion in March from $2.81 billion a year ago, the central bank reported on Friday.
This was the smallest increase in two years and nine months or since the 2.2% growth in June 2023.
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