OFW remittances up 2.5% to $3.32B

Sep 16, 2023 12:33 am

OVERSEAS Filipino worker (OFW) remittances picked up in July to $3.32 billion, the Bangko Sentral ng Pilipinas reported on Friday.

Overall or personal remittances grew by 2.5 percent to $3.32 billion from $3.24 billion a year earlier, with cash sent home via banks alone totaling $2.99 billion, 2.6 percent higher compared to the $2.92 billion recorded in July last year.

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