By Luisa Maria Jacinta C. Jocson, Reporter
CASH REMITTANCES from overseas Filipino workers (OFWs) rose by 3.1% year on year in April, the Bangko Sentral ng Pilipinas (BSP) said on Monday.
Data from the central bank showed cash remittances coursed through banks increased to $2.562 billion from $2.485 billion a year ago.
However, it was the lowest level in 11 months or since $2.494 billion in May 2023.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.