Personal remittances sent by overseas Filipino workers (OFWs) into the Philippines reached its all-time high of $2.3 billion in the month of October.
Data released by the Bangko Sentral ng Pilipinas (BSP) on Monday showed that personal remittances from overseas Filipinos breached the $2-billion mark for the seventh consecutive month in October, representing an 8.8-percent year-on-year rise in personal remittances, the highest annualized monthly growth rate recorded in 2013.
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