There is an article in todays New York Times titled, "With fewer dollars going around, more are going around the world". I had trouble posting the link but it is available through their website in the "New York Region" section.The article explains how despite the geo-economic downturn we have experienced in recent years, more and more money is being remitted from the USA to family members in other countries (the dominican republic was mentioned). Seems only logical that with the weakening of the peso, families that are recieving dollars periodically from abroad should be able to significantly increase their standard of living. With so many Dominicans in New York and elsewhere sending money, I wonder what true and lasting effects this has on the overall economy in the DR. Your thoughts?
Larry
Larry
Last edited: