2012News

Remittances on the rise

According to a study released by the Inter-American Development Bank (IDB) remittances sent to the Dominican Republic reached US$3.131 billion in 2011, an increase of 7.7% over 2010. This placed the Dominican Republic in fifth place amongst countries that receive remittances. First place was Mexico with US$22.731 billion, followed by Guatemala with US$4.377 billion, Colombia …