News

Dom. Republic: Dominicans’ remittances jump 10.6% to US$3.22B in first half

The remittances sent by Dominicans abroad jumped 10.6% during the first half this year, according to the latest data published by Dominican Republic’s Central Bank.

In the first six months of the year, the country received US$3.22 billion in remittances, for an additional US$307.4 million compared to the same period of 2017, according to the information published on the Bank’s website.

“The dynamism exhibited in the flow of foreign exchange for these concepts “s largely explained by the current conditions of full employment in the labor market of the United States of America, our main trading partner.”

In fact, 77.13% of total remittances were sent from the United States, which concentrates the majority of Dominicans residing abroad.

Moreover, the Central Bank says that 66% of the remittances were sent to Santo Domingo, followed by Santiago and La Vega.

More

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s