Philippines cash remittances up 3.1% y/y in July

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Reuters
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September 17, 2024 - 9:19 AM
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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)

MANILA — Cash remittances rose 3.1% to $3.08 billion in July from a year earlier, the Philippine central bank said on Monday.

For January to July, cash remittances sent through banks by millions of Filipinos living and working abroad increased by 2.9% from the same period a year earlier to $19.33 billion, it added.

—Reporting by Neil Jerome Morales; Editing by John Mair

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