BSP: Remittances to hit $17-B this year
Posted at 09/24/2009 4:36 PM | Updated as of 09/24/2009 4:36 PM
MANILA - Remittances from overseas Filipinos should reach about $17 billion this year, when inflows through unofficial channels are included, the Bangko Sentral ng Pilipinas (BSP) said in a presentation on Thursday.
The BSP was maintaining an official forecast that remittances through official channels, mainly banks and remittance centers, would be flat from $16.4 billion in 2008, officials said.
However, BSP Governor Amando Tetangco said last week remittances could grow 2% to 3% this year.
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