{"id":249975,"date":"2026-04-14T08:53:18","date_gmt":"2026-04-14T12:53:18","guid":{"rendered":"https:\/\/dr1.com\/news\/?p=249975"},"modified":"2026-04-14T11:30:54","modified_gmt":"2026-04-14T15:30:54","slug":"remittances-continue-strong-2","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2026\/04\/14\/remittances-continue-strong-2\/","title":{"rendered":"Remittances continue strong"},"content":{"rendered":"\n
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The close ties Dominican expats maintain with their homeland continues to manifest itself. Remittances continue strong. The Central Bank of the Dominican Republic (BCRD) reported that remittance inflows reached US$3.02 billion during the first quarter of 2026 (January\u2013March), marking a 1.9% increase compared to the same period in 2025.<\/p>\n\n\n\n

Dominicans living abroad send back their savings to help family and friends, and to invest in their future retirement in the country.<\/p>\n\n\n\n

In March 2026 alone, the country received US$1.15 billion, a 3.5% year-on-year increase and a significant 29.5% jump from February 2026. This growth occurred despite international volatility caused by Middle Eastern conflicts, which have driven up fuel prices and pressured household disposable income.<\/p>\n\n\n\n

Key drivers and US economic data
The surge is primarily attributed to the Dominican diaspora in the United States, which accounted for 84.2% of formal flows in March (US$879.9 million). The BCRD noted that US-based Dominicans benefit from IRS tax refunds during this period. Supporting economic factors in the US include:
\u2022 Employment: General US unemployment fell to 4.3% in March (from 4.4% in February). Specifically, Latino unemployment improved to 4.8% from 5.2%.
\u2022 Service sector: The ISM Non-Manufacturing PMI stood at 54.0, signaling expansion in the service sector where a large portion of the diaspora is employed.<\/p>\n\n\n\n

In addition to Dominicans living in the United States, the same strong inflows of remittances come from Spain, with US$54.9 million (5.3%), Haiti (1.1%), Italy (1.1%) and Switzerland (1.0%).<\/p>\n\n\n\n

Domestically, the National District received 48.3% of March flows, followed by Santiago (10.6%) and Santo Domingo province (7.0%). Together, metropolitan areas accounted for 65.9% of all receipts.<\/p>\n\n\n\n

Economic outlook and stability
The BCRD projects total 2026 remittances will reach approximately US$12.2 billion. While the 3.5% projected annual growth is lower than in 2025, partly due to a new US tax on outbound transfers effective January 2026, the external sector remains robust.<\/p>\n\n\n\n

Foreign Direct Investment (FDI) is expected to exceed US$5 billion by year-end. These inflows have supported currency stability; as of 31 March 2026, the Dominican peso appreciated 3.4% against the US dollar compared to December 2025. International reserves closed March at US$16.14 billion, representing 12.2% of GDP or 5.8 months of import cover, exceeding IMF benchmarks.<\/p>\n\n\n\n

Tourism receipts continue strong, too. The Ministry of Tourism recently reported on record tourist arrivals for the first quarter of the year.<\/p>\n\n\n\n

Read more in Spanish:
Central Bank <\/a>
DR1 News \u2013 Ministry of Tourism <\/a><\/p>\n\n\n\n

14 April 2026<\/p>\n","protected":false},"excerpt":{"rendered":"

The close ties Dominican expats maintain with their homeland continues to manifest itself. Remittances continue strong. The Central Bank of the Dominican Republic (BCRD) reported that remittance inflows reached US$3.02 billion during the first quarter of 2026 (January\u2013March), marking a 1.9% increase compared to the same period in 2025. Dominicans living abroad send back their … <\/p>\n

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":[340,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/249975"}],"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=249975"}],"version-history":[{"count":2,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/249975\/revisions"}],"predecessor-version":[{"id":250020,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/249975\/revisions\/250020"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=249975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=249975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=249975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}