MONEY sent home by overseas Filipino workers (OFWs) in March dropped from a year ago, data showed after the Bangko Sentral ng Pilipinas (BSP) announced that such inflows could contract by 5 percent.
Personal remittances — personal transfers, whether in cash or kind, and capital transfers between households — totaled $2.65 billion in March, up 1.10 percent from $2.62 billion in February, but down 5.2 percent from $2.79 billion a year ago.
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