The Central Bank of the Philippines published updated remittance statistics showing Overseas Filipino (OF) cash remittances of USD 2.79 billion in February 2026 and a 3.1% year-to-date increase to USD 5.81 billion for January to February 2026. Personal remittances, which include cash sent through banks and informal channels as well as remittances in kind, reached USD 3.10 billion in February 2026 and rose 3.1% year to date to USD 6.46 billion. The United States was recorded as the top source of cash remittances for January to February 2026, followed by Singapore and Saudi Arabia, with the central bank noting that source-country data can be distorted by the routing of transfers through correspondent banks and money couriers, often resulting in flows being attributed to the United States as the most immediate source.
Central Bank of the Philippines 2026-04-15
Central Bank of the Philippines reports Overseas Filipino cash remittances rose to USD 2.79 billion in February 2026
The Central Bank of the Philippines reported Overseas Filipino cash remittances of USD 2.79 billion in February 2026, bringing year-to-date flows to USD 5.81 billion, up 3.1%. Personal remittances reached USD 3.10 billion in February and USD 6.46 billion year to date, also up 3.1%, with the United States recorded as the top source, followed by Singapore and Saudi Arabia, though the bank cautioned that routing through correspondent banks can distort source-country data.