The Central Bank reported on 12 May 2025 that remittances continue to be a strong component of the influx of hard currency to the Dominican Republic. Remittances from Dominicans living abroad continued to strengthen between January and April 2025, reaching a total of US$3.92 billion. This represents a significant 12.1% increase compared to the same period in 2024.
Looking ahead, the BCRD forecasts continued growth in foreign exchange earnings for 2025, driven by tourism, remittances, exports, and FDI.
The Central Bank reports that remittances in April 2025 were US$954.6 million, marking an 11.0% jump from April 2024. These funds play a crucial role in the country’s development by stimulating consumption, investment, and support for vulnerable sectors.
Despite global economic uncertainty fueled by geopolitical tensions, trade conflicts, and volatile financial markets...
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