OFW remittances hit all-time high in 2018

A man counts dollar remittance at a money changer in UN Avenue in Manila. PHOTO BY RUSSELL PALMA

Money sent home by overseas Filipino workers (OFWs) hit a record high in the December, in the process also raising the full-year tally to what the Bangko Sentral ng Pilipinas (BSP) described as the “highest annual level to date.”