OFW remittances up 7.4%

By The Manila Times

Oct 16, 2013 9:19 pm

Personal remittances from overseas Filipino workers (OFWs) for the month of August rose year-on-year by 7.4 percent to $2 billion, data from the Bangko Sentral ng Pilipinas (BSP) showed on Wednesday.

The BSP noted that personal remittances exceeded the $2-billion mark for fifth consecutive month in 2013.

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