Friday 20 July 2018
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4 months ago

Remittances surged to $2.7B in January

Dollar remittances from expatriate Filipinos rose sharply in the first month of the year, thanks to an increase in funds sent home by both short- and long-term workers based on land and at sea, the central bank said on Thursday. Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. said hard currency sent home by these workers reached $2.7 billion in January, representing a 10.8-percent jump from a year ago. Personal remittances from land-based workers with work contracts of a year or more totaled $2.

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