OFW remittances hit record high in December

Feb 16, 2023 12:43 am

(UPDATE) THE remittances of overseas Filipino workers (OFWs) rose to a record $3.49 billion in December, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday, bringing the full-year tally to an all-time high of $36.14 billion.

'The robust inward remittances reflected the increasing demand for foreign workers amid the reopening of economies,' the BSP said in a statement.

Photo shows a remittance center at the Lucky Plaza Mall in Singapore. The remittances of overseas Filipino workers (OFWs) rose to a record $3.49 billion in December, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday, bringing the full-year tally to an all-time high of $36.14 billion. PHOTO BY AARON RONQUILLO

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