Remittances to the Dominican Republic decreased by 9.6% in February of this year

Santo Domingo.- The Dominican Republic received $887.6 million in remittances in February, 9.6% less than the amount received in January of this year ($982.8 million), and also $29.4 million less compared to the same month of 2025, the Central Bank of the Dominican Republic (BCRD) reported this Sunday. The BCRD indicated that this reduction in remittances compared to January is due to the fact that in the first month of the year "a greater flow of remittances is received due to the visits of non-resident Dominicans."

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Also, the "complex international environment" influenced, marked by "the conflicts in the Middle East" which "have raised oil prices and its derivatives, generating greater inflationary pressures and reducing the disposable income of households", the Central Bank specified in a press release. The reduction in the amount of remittances in February was also marked by "a less favorable economic performance than expected in the United States", a country from which 83.4% of the remittances that arrive in the Dominican Republic come, equivalent to about 663.5 million dollars. The overall unemployment rate in the United States in February stood at 4.4% of the active population, one tenth higher than that recorded in January, in addition, in the case of the Hispanic American population, this indicator grew to 5.2% in this second month of this year, three tenths more than in the previous month, indicated the BCRD. Spain was in February the second country with the highest monetary value of remittances sent to the Dominican Republic, with 5.9% of the total, followed by Italy (1.2%) and Switzerland (1%). The BCRD's outlook anticipates a favorable evolution of foreign currency income during 2026, such as tourism revenue, foreign direct investment, and exports, along with remittances. In total, the Dominican Central Bank expects that in this 2026 around 12,200 million dollars in remittances will arrive in the Caribbean country and that foreign direct investment will exceed 5,000 million dollars.