OFW remittances hit $2.88B in May

Jul 16, 2024 12:35 am

PERSONAL remittances from overseas Filipino workers (OFW) hit $2.88 billion in May, the Bangko Sentral ng Pilipinas (BSP) reported on Monday, 3.7 percent higher compared to the year-earlier $2.78 billion.

The amount was also slightly higher, by 0.8 percent, than the $2.86 billion posted a month earlier, preliminary central bank data showed.

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