OFW remittances higher than incomes of recipients

OFW remittances higher than incomes of recipients – report

Dec 17, 2019 12:04 am

The value of monthly remittances from overseas Filipinos workers (OFWs) now average more than 2.5 times higher than the monthly incomes of recipients in the Philippines, according to a report released on Monday by a United States-based payments company.

OFW's queue at Central, Hong Kong to send remitanses and exchange Hong Kong Dollar to Philippine peso. File Photo

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