Under the leadership of the Landbank the government is offering investment instruments for OFWs, including the OFW bonds. The Development Bank of the Philippines and HSBC will also take part in the initiative to help OFWs.
The long term instruments will enable the OFW's to invest in pesos and earn high yields over a 5 year period. The said investment vehicles will be exempted from taxes.
This long term instruments will hopefully help OFW's cope with the rapidly declining value of the US dollar.
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