Remittances Increased 5.7% to $2.6 Billion in May

Money sent home by Filipinos working overseas rose 5.7 percent to a five-month high of $2.6 billion in May from $2.46 billion a year ago, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday.

The amount brought total cash remittances in the first five months to $12.349 billion, up 4.5 percent from $11.8 billion in the same period last year.

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