{"id":136906,"date":"2020-02-28T15:28:19","date_gmt":"2020-02-28T15:28:19","guid":{"rendered":"http:\/\/ny1.dr1.com.do\/wordpress\/?p=136906"},"modified":"2020-02-29T13:35:13","modified_gmt":"2020-02-29T13:35:13","slug":"remittances-up-compensate-for-the-lull-in-tourism-receipts","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2020\/02\/28\/remittances-up-compensate-for-the-lull-in-tourism-receipts\/","title":{"rendered":"Remittances up, compensate for the lull in tourism receipts"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"600\" height=\"377\" src=\"https:\/\/dr1.com\/wordpress\/wp-content\/uploads\/2020\/02\/Remesas-El-Dinero-e1582983209579.jpg\" alt=\"\" class=\"wp-image-137089\"\/><\/figure>\n\n\n\n<p>The Dominican Republic is receiving upwards of US$550 million in family remittances every month. Remittances were up US$592.9 million, or 9.12% in 2019. The payments are making up for the lull in foreign exchange due to a 1.3% drop in the number of tourists visiting the Dominican Republic.<\/p>\n\n\n\n<p>Central Bank statistics reflect the upward trend in family remittances has continued from 2010 to 2019. While remittances were US$3.68 billion in 2010, they are now up to US$7.08 billion, less than a decade later.<\/p>\n\n\n\n<p>Remittances in January 2020 was US$581.9 million, up from US$537 million in 2019. <\/p>\n\n\n\n<p>The Central Bank says the upward trend in the remittances reflects the positive outlook of the US economy. Dominicans in the United States send back 77.5% of the total remittances. Dominicans in Spain account for 10.1%. Remittances from Haiti are the third largest, with 1.5%. <\/p>\n\n\n\n<p>The top 10 source countries for remittances to the Dominican Republic are by order of size the United States, Spain, Haiti, Italy, Switzerland, Puerto Rico, Panama, Germany, France and Canada. <\/p>\n\n\n\n<p>The Central Bank reports that since 2011 the National District has been the destination for the most remittance recipients, with more than 30%, followed by the province of Santo Domingo and Santiago. <\/p>\n\n\n\n<p>Read more in Spanish:<br><a href=\"https:\/\/elcaribe.com.do\/2020\/02\/27\/las-remesas-suben-y-comparten-primacia-en-aporte-de-divisas\/\">El Caribe<\/a><\/p>\n\n\n\n<p>28 February 2020<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dominican Republic is receiving upwards of US$550 million in family remittances every month. Remittances were up US$592.9 million, or 9.12% in 2019. The payments are making up for the lull in foreign exchange due to a 1.3% drop in the number of tourists visiting the Dominican Republic. Central Bank statistics reflect the upward trend &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2020\/02\/28\/remittances-up-compensate-for-the-lull-in-tourism-receipts\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[271,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/136906"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=136906"}],"version-history":[{"count":2,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/136906\/revisions"}],"predecessor-version":[{"id":137090,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/136906\/revisions\/137090"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=136906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=136906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=136906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}