MANILA, Philippines — Expatriate Filipinos sent home more dollars in March as deployment of workers increased with the easing of travel restrictions, according to the central bank.
In a statement, the Bangko Sentral ng Pilipinas said personal remittances from the country’s overseas citizens amounted to $2.801 billion in March 2021, which was higher by 5.6 percent than the $2.652 billion recorded in the same month last year.
“This is the second consecutive month that remittances were higher than last year’s levels, reflecting the easing of travel restrictions, reopening of borders to foreign workers, and progress in COVID-19 vaccine rollout in many advanced countries,” the BSP sai…
Keep on reading: Dollar remittances up for 2nd straight month