The Central Bank of the Philippines published remittance data showing Overseas Filipino cash remittances reached USD 2.87 billion in March 2026. On a cumulative basis, cash remittances for January to March 2026 increased 2.8 percent year on year to USD 8.68 billion from USD 8.44 billion. Personal remittances, which include cash sent through banks and informal channels as well as remittances in kind, totaled USD 3.20 billion in March and rose 2.8 percent year to date to USD 9.66 billion from USD 9.40 billion. The United States remained the top reported source of cash remittances in January to March 2026, followed by Singapore and Saudi Arabia. The central bank noted limitations in source-country data because remittance centers often route funds through correspondent banks, many of which are in the United States, and remittances sent through money couriers are recorded under the country where the courier's main office is located.
Central Bank of the Philippines 2026-05-15
Central Bank of the Philippines reports March cash remittances of USD 2.87 billion and first quarter growth of 2.8 percent
The Central Bank of the Philippines reported that Overseas Filipino cash remittances reached USD 2.87 billion in March 2026, bringing January to March cash remittances to USD 8.68 billion, up 2.8 percent year on year. Personal remittances totaled USD 3.20 billion in March and rose 2.8 percent year to date to USD 9.66 billion, with the United States, Singapore and Saudi Arabia as the top sources. The central bank highlighted limitations in source-country data due to routing through correspondent banks and money couriers.