MANILA, Philippines — Expatriate Filipinos sent home more dollars in March as the 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 mainly the easing of travel restrictions, re-opening of borders to foreign workers, and progress in COVID-19 vaccine roll out in many advanced countries,” …
Keep on reading: March dollar remittances rose for second straight month as eased travel curbs boosted OFW deployment