DR1 Daily News - Dominican Republic

The Central Bank reveals that remittance flows from abroad reached US$9.878.4 million between January and October 2025. There has been a substantial increase of US$966.8 million (10.8%) compared to the same period the previous year.

The robust performance strongly suggests the nation will easily surpass the estimated US$11.7 billion in remittances projected for the end of 2025.

In October alone, the country received US$965.6 million, a 5.8% (US$52.7 million) increase from October 2024. The BCRD highlighted that these funds, supplied by the Dominican diaspora abroad, have a significant multiplier effect on consumption, investment, and financing for the country’s most vulnerable sectors.

The Central Bank attributed the strong remittance behavior primarily to the economic performance of the United States. A staggering 80.4% of formal remittance flows in October, amounting to US$719.8 million, originated from the United States.

The BCRD pointed to the US Institute for...