Cash remittances, or those coursed through banks, grew 4.1 percent from $28.9 billion in 2018, the BSP said. Personal remittances, which includes transfers in kind, reached $33.5 billion in 2019, up 3.9 percent, the BSP said.
"Notwithstanding pockets of political uncertainties across the globe, cash remittances in 2019 remained strong," the BSP said. Remittances from Asia grew 12.3 percent. Growth was at 10.6 percent from the US and 4.8 percent from Africa, offsetting the 9.8 percent decline from the Middle East, it said.
Kse ngmhal n mga gastusin dto kya no choice ung mga ngppdala ng remittance naddoble na
$30B or Php30B?
This is sad; that means the slave export is on an upward trajectory.
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