Money sent home by Filipinos living and working overseas grew by 3.1 percent in the first 10 months of 2022 to reach $29.72 billion from $28.82 billion in the same period last year as inflation was rising. | RonWDomingoINQ /PDI
The Bangko Sentral ng Pilipinas said that inflows in October alone grew by 3.5 percent to $3.23 billion from $3.12 billion in the same month of 2021.The BSP said there were increases in receipts from both land-based Filipinos with contracts of more than a year as well as those from land-based and sea-based with contracts of less than a year .
For the 10 months, the bulk of the inflows was sent from the United States, Saudi Arabia, Singapore and Qatar.
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