Philippines May cash remittances up 2.8% y/y at $2.49 bln

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Cash remittances sent through banks in the January to May period were $12.98 billion

Neil Jerome Morales, Reuters News

July 17, 2023

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MANILA: Cash remittances sent home by overseas Filipinos in May rose 2.8% from a year earlier to $2.49 billion, the Philippine central bank said on Monday.

Cash remittances sent through banks in the January to May period were $12.98 billion, up by 3.1% from the year-ago level, it said in a statement. (Reporting by Neil Jerome Morales; Editing by Martin Petty)

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