Cash remittances rise to US$3.24B in July 2026
Date Published: 15 September 2026
Published by: Bangko Sentral ng Pilipinas
Original link: https://www.bsp.gov.ph/SitePages/MediaAndResearch/MediaDisp.aspx?ItemId=8073&MType=MediaReleases Cash remittances reached US$3.24 billion in July 2026, 1.9 percent higher than the US$3.18 billion recorded in July 2025.
The United States remained the top source of inflows, followed by Singapore and Saudi Arabia, based on reported remittance transactions by origin.[1]
Seasonally adjusted personal remittances, which include cash sent through banks and informal channels as well as remittances in kind, likewise increased in July 2026, indicating stronger underlying remittance dynamics after accounting for recurring seasonal patterns.
Cash and personal remittances also grew in January-July 2026. These inflows provided continued support to household consumption and domestic economic activity, underscoring the resilience of remittance flows as an important source of external financing and household income.
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[1] There are limitations on the remittance data by origin. The U.S. appears to be the main source of OF remittances by origin, because the remitting or correspondent banks are mostly located in the U.S. The data does not imply that the funds were generated within the U.S.
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