Philippines now in longest dollar inflow winning streak since 2013
Net dollar inflows into the Philippine economy surged to their highest level in almost six years due to a trifecta of substantial remittances from overseas Filipino workers, and a surge of both short- and long-term investments into the country.
Its no surprise! We have the most overseas workers compared to other countries. And you can see Filipinos around the corners of the world.
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Sadly but those money is missed managed, most pocketed by corrupt officials.
Also, the peso dropped in value since 2016, so it is profitable for OFWs to remit their dollars to the country.
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