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OFW remittances hit year high

OVERSEAS Filipino worker (OFW) remittances rose to their highest so far for the year in July, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.

At $3.43 billion, the personal remittances were 3.2 percent up from the year-earlier $3.32 billion and were also 6.85 percent more than the $3.21 billion posted in June.