OFWs remittances up in February

By Anna Leah E. Gonzales

Apr 19, 2022 12:20 am

MONEY sent home by overseas Filipino workers (OFWs) went up by 1.2 percent in February, data released by the Bangko Sentral ng Pilipinas (BSP) on Monday showed.

Personal remittances — cash or kind transfers between families — totaled $2.79 billion during the month, up from the $2.75 billion in the same month last year.

MORE REMITTANCES Overseas Filipino workers (OFWs) sit at the waiting area of Terminal 4 of the Ninoy Aquino International Airport waiting for flights to their hometowns. According to the Bangko Sentral ng Pilipinas, OFW remittances increased by 1.2 percent in February. PHOTO BY J. GERARD SEGUIA

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