BSP says Feb remittances up 2.4% y/y at $2.57 billion

April 17, 2023

Bangko Sentral ng Pilipinas headquarters in Manila. The central bank’s first quarter Consumer Expectations Survey (CES) for 2018 showed an index of 1.7 percent, down from the previous quarter’s 9.5 percent and year-ago’s 8.7 percent. (Reuters file photo)

MANILA— Cash remittances sent home by overseas Filipinos rose 2.4% to $2.57 billion in February from a year earlier, the Philippine central bank said on Monday.

Cash remittances sent through banks in January-February totaled $5.33 billion, up 3.0% from a year earlier, it said in a statement.

—Reporting by Enrico Dela CruzEditing by Ed Davies

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