Remittances still on record-setting trend


Staff member
Feb 20, 2019

The Central Bank reports the flow of remittances from abroad continues this year at the record pace set in 2020. In August 2021, remittances were US$872 million, which is US$102.2 million more than registered in August 2020. The total of remittances in 2020 was already 38.8% more than the US$628.4 million recorded for the pre-pandemic August 2019.

From January to August 2021, remittances are US$7.03 billion. The number is US$1.96 billion more than in the same period of 2020, for a 38.6% increase.

The Central Bank attributes the increase in remittances to the improvement of the economy in the United States. An estimated 2 million Dominicans live in the United States and keep close ties to their family in the Dominican Republic.

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