OFW remittances up by 3.0% in March

May 15, 2023 11:59 am

The remittances of Overseas Filipino Workers (OFW) rose by 3.0 percent year-on-year to $2.97 billion in March from $2.89 billion last year, the Bangko Sentral ng Pilipinas said Monday.

The increase was attributed to higher remittances from land-based workers with contracts of a year or more and sea- and land-based OFWs with contracts of less than a year.

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