DR1 Daily News - Dominican Republic

The Central Bank of the Dominican Republic has announced a historic milestone for the nation’s economy, reporting that remittances reached a record US$11.86 billion in 2025. According to the report, 80% of these funds originated from the United States.

The remittance total is 10.3% more than that of the previous year, further solidifying remittances as one of the three vital pillars of the Dominican economy, alongside tourism and exports. The Central Bank expects more than US$46.8 billion in hard currency to enter the economy in 2026.

However, the Central Bank has adjusted its 2026 forecast to a more modest growth of 3.5%, projecting total remittances of US$12.2 billion. This deceleration is attributed in part to a new 1% tax on cash remittances implemented by the Trump administration.

The Central Bank highlights, nevertheless, that the impact of the tax...