Remittances ng overseas Filipinos, muling tumaas nitong Oktubre ayon sa BSP

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00:00Again, the number of remittances or money sent by overseas Filipino workers to the country increased this October.

00:07According to the Central Bank of the Philippines, from more than US$3 billion in October 2023,

00:14the personal remittances of our countrymen abroad this year increased by 2.7% or more than US$3.42 billion.

00:25Because of this, the average remittances of the country increased by 3% within 10 months this year.

00:32Among the countries that recorded an increase in cash remittances

00:36are the United States of America, Saudi Arabia, Singapore, and United Arab Emirates.

00:42First, experts highlighted the importance of the role of OFW remittances in improving the economy of the country,

00:50especially that it helps in public spending, which is an important part of increasing our gross domestic product.

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