Dominicans keep on sending cash to relatives and friends

[Dolores]

Remittances were again up to a new record in November, bringing the January to November 2020 total to US$7.34 billion, a 14.3% increase over the previous year and a new record. The increase is especially welcome in a year in which tourism receipts have collapsed.

The Central Bank reports that remittances receipts were up 27% in November. The country received US$707.5 million, up from US$557.1 million in the same month in 2019.

The total for January to November 2020 is at US$7,346.9 million, a net increase of US$916.6 million compared to US$6,430.4 million received for the first 11 months of 2019.

The Central Bank reports that the economy’s foreign exchange flow continues to recover. In addition to the increase in remittances, the free zone export manufacturing sector is also doing well, and gold exports have been a plus. There is also a gradual recovery of the tourism...

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[emmerichadele]

You can also find some information here https://www.expat.com/forum/viewtopic.php?id=716552.

 

[NanSanPedro]

You can also find some information here https://www.expat.com/forum/viewtopic.php?id=716552.

Yes, if you were looking for info that's over 3 years old, it would be oh so helpful.

 

[bachata]

My self added a couple of recipients to my Xoom list.
It's hard-breaking to know friends and family are going through bad time due Corona virus and they don't have any government help.

JJ

 

[CristoRey]

I wonder how many Dominicans are gaming the US Government system
for some of the extra cash they are giving away to anyone who ask for it?
This is probably where the majority of the increase is coming from as many
people in the tri-state area haven't worked in months.