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March remittance growth slowest in nine months

By Inquirer - 6 months ago
MANILA, Philippines — Money sent home by Filipinos abroad posted its slowest growth in nine months in March as expats also grappled with high inflation and potential economic slowdown in their host countries. Cash remittances coursed through banks rose by 2.5 percent year-on-year to $2.74 billion, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.

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