OFW remittances up by 2.3% in July

By Tiziana Celine Piatos

Sep 15, 2022 11:03 am

REMITTANCES from Filipinos working abroad increased by 2.3 percent year on year to reach $3.24 billion in July this year from $3.17 billion in the same month in 2021, data from Bangko Sentral ng Pilipinas (BSP) showed Thursday.

BSP attributed the hike in personal remittances to the money sent by land-based workers with work contracts of one year or more, and sea- and land-based workers with work contracts of less than one year.

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