Remittances soar to record-high

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9 months ago

MANILA, Philippines —Money sent home by Filipinos abroad hit a record-high in 2023, thanks to a stronger peso that bloated the value of remittances which, in turn, helped households stay afloat amid stubbornly high inflation last year. Cash remittances coursed through banks amounted to $33.5 billion, up an annualized rate of 2.9 percent, the Bangko

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