{"id":146867,"date":"2020-09-14T05:25:00","date_gmt":"2020-09-14T09:25:00","guid":{"rendered":"https:\/\/dr1.com\/wordpress\/?p=146867"},"modified":"2020-09-14T07:50:02","modified_gmt":"2020-09-14T11:50:02","slug":"central-bank-reports-remittances-were-up-22-5-in-august","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2020\/09\/14\/central-bank-reports-remittances-were-up-22-5-in-august\/","title":{"rendered":"Central Bank reports remittances are up 22.5% in August"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignleft size-large is-resized\"><img loading=\"lazy\" src=\"https:\/\/dr1.com\/wordpress\/wp-content\/uploads\/2019\/04\/Dollars-Orange-biz-e1554224507433.jpg\" alt=\"\" class=\"wp-image-124797\" width=\"300\" height=\"198\"\/><\/figure><\/div>\n\n\n\n<p>For the fourth month in a row, remittances have increased by double digits compared to the same month in 2019. This is a major plus in these Covid-19 times when foreign exchange levels suffer from the collapse of the tourism industry. Tourism revenues are estimated to have declined more than US$3.5 billion from January to August 2020. <\/p>\n\n\n\n<p>The Central Bank of the Dominican Republic reports that remittances were US$769.9 million as of August 2020, 22.5% more than for the same month in 2019.<\/p>\n\n\n\n<p>This value includes pocket remittances of US$37.9 million, those brought by Dominican travelers from abroad, who were among the first to come after airports reopened on 1 July following the shutdown in March.<\/p>\n\n\n\n<p>The Central Bank highlights that for the period January-August 2020 the flow of remittances that has entered the country reached US$5,072.5 million. This is US$346.4 million (7.3%) more than that registered in the same period last year.<\/p>\n\n\n\n<p>The Central Bank points to the improvement in the United States&#8217; employment figures in August, when 2.8 million jobs were created, pushing the unemployment rate down to a level of 8.4%, after unemployment was at 10.2% in July.<\/p>\n\n\n\n<p>Likewise, a relevant indicator of the US economy&#8217;s behavior is the Purchasing Managers&#8217; Index (PMI), which reflects manufacturing activity. This indicator increased by 3.3% in August over the previous month, reaching its highest reading (56 points) in the last year.<\/p>\n\n\n\n<p>Read more in Spanish:<br><a href=\"https:\/\/www.bancentral.gov.do\/a\/d\/4913-bcrd-informa-continua-mejorando-flujo-de-divisas-remesas-crecen-225-en-agosto\">Central Bank<\/a><br><a href=\"https:\/\/listindiario.com\/economia\/2020\/09\/13\/634994\/banco-central-informa-remesas-crecieron-22-5-en-agosto\">Listin Diario<\/a><br><a href=\"https:\/\/www.statista.com\/statistics\/271662\/purchasing-managers-index-pmi-in-the-united-states\/#:~:text=U.S.%20Purchasing%20Managers'%20Index%20(PMI)%20August%202020&amp;text=An%20index%20value%20above%2050,United%20States%20stood%20at%2056.\">Statista<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/eldia.com.do\/el-covid-19-quito-al-pais-3502-millones-por-turismo\/\">El Dia<\/a><br><\/p>\n\n\n\n<p>14 September 2020<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the fourth month in a row, remittances have increased by double digits compared to the same month in 2019. This is a major plus in these Covid-19 times when foreign exchange levels suffer from the collapse of the tourism industry. Tourism revenues are estimated to have declined more than US$3.5 billion from January to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2020\/09\/14\/central-bank-reports-remittances-were-up-22-5-in-august\/\" 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\/146867"}],"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=146867"}],"version-history":[{"count":5,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/146867\/revisions"}],"predecessor-version":[{"id":146922,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/146867\/revisions\/146922"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=146867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=146867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=146867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}