By Luisa Maria Jacinta C. Jocson, Reporter
CASH REMITTANCES from overseas Filipino workers (OFWs) hit an all-time high of $34.49 billion in 2024, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Money sent home by OFWs through banks rose by 3% to $3.38 billion in December from $3.28 billion in the same month in 2023. This was the highest-ever monthly level for cash remittances.
This brought the full-year remittance level to a record-high $34.49 billion, up by 3% from $33.49 billion posted in 2023.
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