OFW Remittances Strongly Bounce Back In August – Bangko Sentral

Bangko Sentral ng Pilipinas

The growth in OFW remittances in August was the fastest since March 2014 where the increase was at 16.6 percent. Cash remittances from the Overseas Filipino Workers (OFWs) bounced back strongly in August 2016, according to the report of the Bangko Sentral ng Pilipinas (BSP). The rebound was charted at 16.3 percent to $2.32 billion … Read more