Spanish
Santo Domingo - Dominican Republic received 11.866 billion dollars in remittances in 2025, a "record" figure and 10.3% higher than in 2024, the monetary authorities reported this Thursday.
The Dominican Central Bank (issuer) said in a statement that the economic performance of the United States was one of the main factors that influenced the behavior of remittances, since 80% came from that country.You may be interested in: They suggest formalizing remittances to facilitate access to credit
The 10.3% growth in remittances in 2025, compared to the 10.756 billion of the previous year, almost doubled the 5.9% expansion recorded in 2024, according to official figures. The issuer forecast that remittances in 2026 will exceed 12.2 billion dollars, with a growth of around 3.5% compared to 2025, taking into account the entry into force of the 1% tax on these shipments from the United States effective from January 1st. The Central Bank predicts that this tax on remittances will have a "limited impact" on the flows received in the Dominican Republic, as it applies to cash transfers, and those made from bank accounts and digital platforms are exempt. Also, he argued that Dominicans in the United States have mostly legal immigration status, "which allows them to have greater access to banking than other migrants, more alternatives for cash transfers, and greater transparency in transactions."
