Thursday, May 26, 2022
name of Prensa Latina
Bandera inglesa
English Edition
name of Prensa Latina



Remittances grow by 64.9% in Dominican Republic

Remittances grow by 64.9% in Dominican Republic

Santo Domingo, May 11 (Prensa Latina) Remittances sent to Dominican Republic grew 64.9% during January-April period compared to 2020, reaching up to over US,4 billion, the Central Bank (BCRD) reported.
Share on facebook
Share on twitter
Share on whatsapp
Share on telegram
Share on email

According to BCRD, in April remittances grew by 130.6% year-on-year, about US$515.8 million extra to those received in April, 2020.

It´s obvious that one of key factors influencing remittances´ behavior was the improved economic conditions in the United States, where most of Dominican migration lives.

In April, 86.6% of remittances came from the US, while 6.1% from Spain, the European country with highest number of Dominican migrants.

Finally, the BCRD said that this greater flow of foreign currency allowed the international build-up worth US$12 billion, approximately 14.7% of the country´s Gross Domestic Product.


name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.