DR1 Daily News - Dominican Republic

DR1.com is the leading English news source in the Dominican Republic for over 30 years.

Showing articles from the past 7 days. To read past articles, visit our DR1.com Daily News Forum.

News · Click here for DR1 Travel News

The Central Bank reports that remittances in the first half of 2021 were 51.5 % more than in 2020. Despite the pandemic, 2020 was a record year in remittances, with Dominican expats sending home more than in 2019.

Between January and June of this year, remittances have totaled US$5.26 billion, US$1.78 billion more than for the same period in 2020.

In June 2021, remittances were US$869.8 million, an amount that exceeds by US$131.9 million those registered in June 2020. It is worth noting that, compared to June 2019, the year prior to the pandemic, remittances in June 2021 showed a growth of 48.2 %, some US$282.8 million more.

The Central Bank says the economic recovery in the United States is responsible, since 85 % of the remittances are sent from the US where around two million Dominican expats live, according to the US Census Bureau. Remittances are also received in...

To read past articles, visit our DR1.com Daily News Forum.