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Philippine remittances up 4.5% in February despite Kuwait ban

Traditional sources keep inflows expanding at steady pace

Around 190 Filipino workers from Kuwait submit their documents upon their arrival at the Ninoy Aquino International Airport in February.   © Reuters

MANILA -- Money sent home by Filipinos working overseas rose 4.5% in February, suggesting that the Kuwait deployment ban imposed for that month failed to dampen remittance growth.

Cash remittances reached $2.27 billion in February from $2.17 billion a year ago, according to the nation's central bank, which said that remittances from the U.S., the United Arab Emirates, Germany and Malaysia drove the expansion.

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