Philippines cash remittances up 3.6% in May

July 15, 2024 - 2:24 PM
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Customers receive money from families working abroad at a money remittance center in Makati City, Metro Manila, Philippines, September 19, 2018. (Reuters/Eloisa Lopez/File Photo)

 Cash remittances rose 3.6% to $2.58 billion in May from a year ago, the Philippine central bank said on Monday.

At end-May, cash remittances through banks increased 3% to $13.37 billion.

—Reporting by Mikhail Flores; Editing by Martin Petty