MONEY sent home by overseas Filipino workers (OFWs) rose to $3.20 billion in August, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday, 3.3 percent higher compared to the year-earlier $3.10 billion.
MONEY sent home by overseas Filipino workers rose to $3.20 billion in August, the Bangko Sentral ng Pilipinas reported on Tuesday, 3.3 percent higher compared to the year-earlier $3.10 billion.The amount was, however, lower than the year-to-date high of $3.43 billion posted in July.
22 billion from $21.58 billion.Cash remittance growth for the eight-month period was mainly due to inflows from the United States, Saudi Arabia, the United Arab Emirates and Singapore, the BSP said.By country source, the US continued to account for the biggest share , followed by Singapore , Saudi Arabia , the United Kingdom and Japan .Rounding out the top 10 were the UAE , Canada , Qatar , Taiwan and South Korea .Sought for comment, Rizal Commercial Banking Corp.
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