Remittances from Filipinos Abroad Lowest Since June, BSP Data Shows
Personal and cash remittances ‌from Filipinos working and living abroad have declined to its lowest level since June 2022, the BSP reported.
Read morePersonal and cash remittances ‌from Filipinos working and living abroad have declined to its lowest level since June 2022, the BSP reported.
Read moreBSP data revealed that personal remittances from OFWs increased by about ₱8 billion in the same last year.
Read morePersonal remittances stood at $2.793 billion, a 1.2% higher from $2.759 billion last year, but still lower than January’s $2.966 billion.
Read moreThe news did not receive a warm reception after it was posted by BSP Governor Benjamin Diokno. According to Susan Ople, an advocate of OFW rights and the current head of the Blas Ople Policy Center (BOPC), the struggling OFW has become the “ayuda” source of their household back home.
Read moreThe World Bank previously estimated that that there would be a 13% decline in local remittances because of the pandemic.
Read moreThe Bangko Sentral ng Pilipinas (BSP) reported increased OFW remittances in February 2020 at US$2.62 billion, which is 2.6% higher than what was previously recorded in February 2019.
Read moreCash remittances will decline particularly those coming from sea-based OFWs. Many of them have been repatriated already.
Read moreThe Bangko Sentral ng Pilipinas (BSP) reveals that personal remittances from overseas Filipinos (OFs) grew by 7.3% year-on-year in January 2020.
Read moreThe Bangko Sentral ng Pilipinas (BSP) announces that personal remittances from Overseas Filipinos have reached a record high of US$33 billion in 2019.
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