MANILA, Philippines—Dollars sent home by expatriate Filipinos surged last April, pushing the total for the first four months of 2021 above those in comparable periods before the COVID-19 pandemic as well as in 2020, according to the Philippine central bank.
In a statement, the Bangko Sentral ng Pilipinas (BSP) said that personal remittances from overseas citizens amounted to $2.574 billion in April 2021, higher by 13.1 percent than the $2.276 billion recorded in April 2020.
This brings the cumulative personal remittances for the first four months of 2021 to $11.028 billion, representing a 5.1 percent growth year-on year from the $10.494 billion posted in the comparable period…
Keep on reading: BSP: Expat remittances push dollar flow past pre-COVID levels