Facts of money transfer's growing#1

Remittances from Filipinos working abroad rose 15 percent to $9.3 billion in the first eight months
Remittances in August amounted to $1.2 billion, up 10.6 percent from a year ago or 10.09 percent higher than $1.096 billion in July
The central bank expects remittance coursed through banks to hit $14 billion this year, with about $700 million passing through informal channels

Source: Manila Standard

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