Overseas Filipino Workers (OFWs) are often hailed as modern-day heroes, not just for the sacrifices they make abroad, but for their vital role in keeping the Philippine economy afloat. In 2024 alone, OFW remittances reached a record-breaking USD $38.34 billion, according to Fintech News Philippines. These funds not only support millions of Filipino families but also fuel the country’s consumer-driven economy.
But what would happen if these remittances suddenly stopped—for even just one week?
This question has become more than just theoretical after reports surfaced of a planned “zero remittance week” protest. A group called Maisug Croatia, based in Europe, is calling on OFWs to stop sending money to the Philippines from March 28 to April 4, 2025, in protest of recent developments involving former President Rodrigo Duterte.
Malacañang responds
Malacañang has since appealed to OFWs to remain calm and reconsider participating in the movement, warning that such action could cause unintended harm to their own families and the national economy.
“We urge everyone to remain calm and respect the legal system. The government is simply following the rule of law,” said Palace Press Officer Claire Castro in a media briefing.
She emphasized that complaints against Duterte have been formally filed and that due process is being followed.
“There are fellow Filipinos who have also filed complaints against former President Duterte. We hope people consider both sides before acting,” Castro added.
Most notably, she warned that a temporary remittance freeze could directly hurt the OFWs’ loved ones back home.
“It’s not just the government that would be affected. Their own families will feel the impact,” she said.
The possible consequences
Impact on Filipino households
For many families, OFW remittances are their main source of income—covering daily needs, tuition, rent, and medical bills. Even a one-week disruption could cause missed payments, food insecurity, and emotional stress.
Ripple effect on the economy
OFW remittances significantly drive domestic consumption. A pause, even briefly, may reduce spending in local markets, affecting small businesses and even national GDP performance.
Foreign exchange pressures
Regular remittances help stabilize the peso and bolster the country’s foreign reserves. A drop in inflow could temporarily affect the peso-dollar exchange rate, potentially leading to inflationary effects if prolonged.
