Philippines cash remittances up 2.7% in January
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 2.7% to $2.84 billion in January from a year ago, the Philippine central bank said on Friday.
Cash remittances sent home by Filipinos living and working abroad reached a record $33.5 billion last year, up 2.9% from 2022.
— Reporting by Neil Jerome Morales; Editing by Alison Williams
