July OFW remittances highest in 7 months

By Mayvelin U. Caraballo

Sep 16, 2021 1:55 am

MONEY sent home by overseas Filipino workers (OFWs) surged to its highest level in seven months in July, according to the Bangko Sentral ng Pilipinas (BSP) data, upping the year-to-date total.

Central bank numbers issued on Wednesday showed that personal remittances - cash or kind transfers between families - reached $3.16 billion in the seventh month of 2021, up 7.86 percent from $2.93 billion in June and rising 2.65 percent from $3.08 billion a year earlier.

OFW remittances

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