Personal remittances in August 2020, or house-tohouse transfers from overseas Filipinos (OFs) to their families, declined year-on-year by 4.1% to US$2.76 from US$2.87 billion recorded in August 2019. The cumulative remittances for the first eight months of the year totaled US$21.41 billion, a slight decrease of 2.6% from the US$ 21.99 billion recorded in the same month in 2019.
