OF remittances by country MONTHLY

Footnotes

NOTE: There are some limitations on the remittance data by source. A common practice of remittance centers in various cities abroad is to course remittances through correspondent banks mostly located in the U.S. On the other hand, remittances coursed through money couriers cannot be disaggregated into their actual country source and are lodged under the country where the main offices are located,which, in many cases is in the U.S. Therefore, the U.S. would show up to be the main sources of OF remittances because banks attribute the origin of funds to the most immediate source.Source: Data are based on bank reports submitted to the Bangko Sentral ng Pilipinas.