Expat Finance

Overseas Filipino Workers Remittances Down

ABS-CBN News is reporting that remittances are down sharply. The Philippines economy gets a huge boost to its economy from Filipino that work overseas and send money back home to their relatives.

The Philippines National Bank feels that remittances could fall as much as 9%. A firm in Austria that handles remittances for believes that the fall will be as much as three percent in his country.

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