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Remittances reach 7-month high in July

15 September 2023
in Business
Reading Time: 3 mins read
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Remittances reach 7-month high in July
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CASH remittances surged in July as overseas Filipino workers (OFWs) sent more money to their families amid higher inflation and borrowing costs.

This was the highest since December when remittances are usually elevated as OFWs send more money to their families before the holidays, data from the Bangko Sentral ng Pilipinas (BSP) on Friday showed. 

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