{"id":209649,"date":"2024-01-16T07:43:38","date_gmt":"2024-01-16T11:43:38","guid":{"rendered":"https:\/\/dr1.com\/news\/?p=209649"},"modified":"2024-01-16T08:54:11","modified_gmt":"2024-01-16T12:54:11","slug":"rd10-billion-in-remittances-in-2023","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2024\/01\/16\/rd10-billion-in-remittances-in-2023\/","title":{"rendered":"RD$10 billion in remittances in 2023"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img loading=\"lazy\" width=\"600\" height=\"377\" src=\"https:\/\/dr1.com\/news\/wp-content\/uploads\/2020\/02\/Remesas-El-Dinero-e1582983209579.jpg\" alt=\"\" class=\"wp-image-137089\"\/><\/figure><\/div>\n\n\n\n<p>The Central Bank of the Dominican Republic (BCRD) reported the country received US$10.15 billion in remittances in 2023, up 3.1% from the previous year. <\/p>\n\n\n\n<p>Remittances in December were US$945 million, up 0.1% compared to December 2022.<\/p>\n\n\n\n<p>Most of the remittances come from Dominicans who live in the United States. Low unemployment in the United States had a positive impact.<\/p>\n\n\n\n<p>The BCRD explains that the strong US economy positively influenced the flow of remittances. 84.2% or US$681.7 million of the formal currency flows in December 2023, for instance, originated from the United States.<\/p>\n\n\n\n<p>The Central Bank says that the non-manufacturing purchasing managers index (PMI) of the Institute for Supply Management (ISM) registered a value of 50.6 in December, evidence of the sustained expansion of the services sector, where most of the Dominican diaspora is employed.<\/p>\n\n\n\n<p>The BCRD reports remittances from Spain were US$48.0 million, or 5.9% of the total, followed by remittances from Haiti, 1.3%, and Italy, 0.8%. There are also large communities of Dominicans living in Switzerland, Canada and Panama that sent home cash.<\/p>\n\n\n\n<p>As is the general trend, most of the remittances were sent to urban areas. Persons living in the National District received 36.1%, persons living in Santiago 13.2%, and in Santo Domingo province 9.0%.<\/p>\n\n\n\n<p>Read more in Spanish:<br><a href=\"https:\/\/www.bancentral.gov.do\/a\/d\/5856-banco-central-informa-que-los-flujos-de-remesas-alcanzaron-los-us101572-millones-en-2023-en-linea-con-lo-estimado-por-la-institucion\">Central Bank <\/a><\/p>\n\n\n\n<p>16 January 2024<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of the Dominican Republic (BCRD) reported the country received US$10.15 billion in remittances in 2023, up 3.1% from the previous year. Remittances in December were US$945 million, up 0.1% compared to December 2022. Most of the remittances come from Dominicans who live in the United States. Low unemployment in the United States &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2024\/01\/16\/rd10-billion-in-remittances-in-2023\/\" 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":[330,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/209649"}],"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=209649"}],"version-history":[{"count":4,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/209649\/revisions"}],"predecessor-version":[{"id":209730,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/209649\/revisions\/209730"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=209649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=209649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=209649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}