In general remittances were up across the board, according to the Inter-American Development Bank (IDB). In its latest report on remittances, the IDB says that there has been an increase since 2009 when they fell to US$56.5 billion, although they are still beneath the peak of US$64.9 billion in 2008. The report “Remittances to Latin America and the Caribbean in 2012: Differing Behavior among Sub-regions” was produced by the IDB’s Multilateral Investment Fund.
The Dominican Republic was fortunate in receiving US$3.2 billion, a 4.8% increase, among the larger increases in the region. The flows are an important source of income for thousands of families that receive the transfers to cover basic needs and invest in education, health, housing, and small businesses.
Luisa Hayem Breve, author of the report, said that there is a particular need to analyze the movement of currencies between places like Haiti and the Dominican Republic and Bolivia and Argentina, as reported in El Nuevo Diario. The IDB has been studying remittances since 2000.
http://www5.iadb.org/mif/en-us/home/knowledge/developmentdata/remittances.aspx