Filipinos working and living overseas sent home $9.7 billion during the first 5 months of 2011, up 6.2% from a year ago.
In May alone, dollar remittances amounted to $1.7 billion, representing an annual growth of 6.9%.
The BSP has projected remittance growth at 7% this year.
In 2010, remittances hit a record $18.76 billion, up 8.2% from a year earlier.
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