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Remittances from Overseas Filipino Workers Grew by 6.3% to $9.64 Billion in the First Half of the Year

Remittances from Overseas Filipino Workers Grew by 6.3% to $9.64 Billion in the First Half of the Year

Remittances from Overseas Filipino Workers Grew by 6.3% to $9.64 Billion in the First Half of the Year - The best immigration information is available on the website of WorldWay Immigration.

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According to a report by the Philippine Daily Inquirer on August 16, the Central Bank of the Philippines announced that remittances from overseas Filipino workers increased by 7% to $1.74 billion in June, with remittances for the first half of the year growing by 6.3% to $9.64 billion. The remittances primarily came from the United States, Canada, Saudi Arabia, the United Kingdom, Singapore, the United Arab Emirates, Italy, and Germany. The significant increase in remittances in June was mainly due to the upcoming school year for the children of overseas workers and the appreciation of the peso.


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