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.
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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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