Forex reserves dip to $81.045-B in December: BSP ABS-CBN ...

Duterte's Come Home OFWs: Are you ready to say goodbye to P42 billion a year?

Duterte wants all OFWs in Kuwait to come home, "because there are jobs here now." Really?
Did you know that our workers in Kuwait remitted $806.48 million in 2017? That around PHP41.67 billion, at current forex of P51.67:$1

Middle East Remittances (In 000, US$)

Country Remittance Percentage
Bahrain 229,025 2.93%
British Arab States 2 0.00%
Egypt Arab Republic 838 0.01%
Iran 2 0.00%
Iraq 356 0.00%
Israel 134,192 1.72%
Jordan 59,288 0.76%
Kuwait 806,484 10.33%
Lebanon 65,825 0.84%
Libya 8,889 0.11%
Oman 345,406 4.42%
Qatar 1,110,413 14.22%
Saudi Arabia 2,508,948 32.12%
Syria 0 0.00%
United Arab Emirates 2,540,480 32.53%
Yemen 0 0.00%
OFWs in Kuwait contribute 10.33% of remittances from the Middle East, which contributes 27.83% of the total amount of remittances per month.

Worldwide Remittances by region (In 000, US$)

Region Remittance Percentage
Asia 5,273,268 18.79%
Americas 10,298,024 36.70%
Oceania 706,078 2.52%
Europe 3,857,187 13.75%
Middle East 7,810,148 27.83%
Africa 115,084 0.41%
Total 28,059,789 100.00%
From 2010 to 2017, Kuwait OFWs sent home $3.34 billion, or PHP174.38 billion.
Kuwait Remittances
2010 106,486
2011 139,839
2012 157,121
2013 235,091
2014 455,353
2015 617,614
2016 856,715
2017 806,484
TOTAL 3,374,703
Source: http://www.bsp.gov.ph/statistics/keystat/ofw2.htm
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BSP amends forex regulations . Kathleen A. Martin (The Philippine Star) - February 18, 2015 - 12:00am . MANILA, Philippines - The Bangko Sentral ng Pilipinas amended yesterday regulations on ... BSP Buys Currency BSP Sells; Notes Buy TT Buy A/M Buy Country Code TT Sell Notes Sell; 0.1883: 0.1712: 0.1781: Australian Dollar: AUD: 0.1662: 0.1478: 0.1393: 0.1255 ... BSP Buying Rate (T/T): PHP: 47.950 : BSP Selling Rate (T/T): PHP: 48.450 : BSP Reference Rate: PHP: 48.200 : PDS Closing Rate (06-Nov-2020): PHP: 48.220 : SDR Rate: $ 1.42431 /SDR : GOLD BUYING: $ 1,957.80 : SILVER BUYING: $ 25.90 **** THB On-shore price: Source: REUTERS' FOREX CLOSING PRICES as of NY Time - 06-Nov-2020 * Various banks in Bahrain as quoted in Reuters' Screen ** Asian Time ... The Central Bank of the Philippines - Banko Sentral ng Pilipinas (BSP) - is the authority in charge of monitoring the country’s economy and providing a safe and stable environment. The Forex broker regulation in the Philippines, however, is under the coverage of the Securities and Exchange Commission (SEC). It exercises supervision and issues warnings and advisories. For example, in 2015 the ... SEK-bsp-ttp. Kategorien. Finanzinstrument; Newstrading; TF Research; Trader Lifestyle; Trading Anfänger; Trading Fachwissen ; Trading Fortgeschrittene; Trading Psychologie; Trading Strategien; Hast du genug von Fehltrades und Planlosigkeit? Risikohinweis. Der Handel mit Hebelprodukten (z.B. CFD´s und Forex Trades) oder anderen Finanzinstrumenten ist mit einem enormen Risiko verbunden und ... Forex reserves end 2015 at $80.61B. Philippine Daily Inquirer / 03:02 AM January 08, 2016. The country’s gross international reserves (GIR) settled at $80.61 billion as of end-2015, a level ... Exchange rate database, query exchange rates values by date or range of dates. Print or download the exchange rates BSP Buys Currency BSP Sells; Notes Buy TT Buy A/M Buy Country Code TT Sell Notes Sell; 0.4161: 0.3931: 0.4063: Australian Dollar: AUD: 0.3781: 0.3298: 0.4509: 0.3732 ... BSP had expected to end 2016 with reserves of $83.7 billion, compared with $80.7 billion in 2015. For this year, reserves are forecast to rise to $84.7 billion. The central bank expects the country to have a current account surplus in 2016 and 2017 again, despite the risk of capital outflows on prospects of higher interest rates in the United States. It cut its 2016 projection for current ... For more information please contact BSP Dealing Team. Richard Suran. 321 4532. Daven Khanna. 321 4478. Jeremaia Vulicakacaka. 321 4533. Bronwyn Stoddart. 321 4549. Savirio Vilitati. 321 4901. Rehaan Janif. 321 4928. The above rates are applicable to transaction up to the equivalent of FJD 20,000.00 Transactions in excess of FJD 20,000.00 will warrant an application to BSP for firm quotations ...

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