The Central Bank of the Philippines published remittance statistics showing overseas Filipino cash remittances rose by 3.5% year on year to USD 3.02 billion in January 2026, from USD 2.92 billion in January 2025. Personal remittances, which include cash sent through banks and informal channels as well as remittances in kind, also increased by 3.5% to USD 3.36 billion from USD 3.24 billion. The United States remained the top reported source of cash remittances in January 2026, followed by Singapore and Saudi Arabia. The central bank flagged limitations in remittance-by-source data, noting that remittances are often routed through correspondent banks, many of which are located in the US, and that remittances coursed through money couriers cannot be disaggregated by actual country source and are recorded under the country where main offices are located, which is often the US.
Central Bank of the Philippines 2026-03-16
Central Bank of the Philippines reports January 2026 overseas Filipino cash remittances up 3.5% to USD 3.02 billion
The Central Bank of the Philippines reported a 3.5% year-on-year increase in overseas Filipino cash remittances, reaching USD 3.02 billion in January 2026. Personal remittances also rose by 3.5% to USD 3.36 billion. The United States was the top source of cash remittances, though the central bank noted limitations in remittance-by-source data due to routing through correspondent banks and money couriers.