OFW remittances reached $31.59B as of Nov 2021, up 5.3%
The inflow of US dollars from overseas Filipino workers (OFWs) is shoring up the Philippines’ external position, with personal remittances growing 5.3 percent year-on-year in the 11 months ending Nov. 30 last year. The Bangko Sentral ng Pilipinas (BSP) said January to November remittances reached in 2021 from $29.99 billion in the same period of…