Philippines: Remittances hit record high of $36.1 billion in 2022
MANILA, Philippines — Dollars sent home by overseas Filipino workers (OFWs) hit an all-time high last year after a strong finish in December amid soaring inflation, according to the Bangko Sentral ng Pilipinas (BSP). Data released by the central bank showed personal remittances increased by 3.6 percent to a record high $36.14 billion in 2022 […]
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