2018News

Remittances rise

Remittances sent by Dominicans residents overseas have increased by 10.6% between January and June this 2018, compared to the same time period in 2017, according to data from the Central Bank. In the first half of this year some US$3.2 billion was sent to the country that is US$307.4 million more than the first half of last year.

Some 77.13% of the total came from the United States, where the majority of Dominicans overseas live, and 10.75% came from Spain, again where there are many Dominicans.

According to data published last year by the National Migration Institute (INM) more than 2 million Dominicans live overseas, the vast majority of whom reside in the United States.

Follow the story in Spanish:
El Nuevo Diario

22 August 2018