Spanish
Santo Domingo.- The remittances received by Dominican Republic between January and September of this year reached 8,912.8 million dollars, an increase of 11.4% compared to the same period of 2024, reported this Sunday the Central Bank (BCRD).
Particularly, in September, 991.8 million dollars were received, an increase of 11.9 compared to the same month of the previous year, specified a report from the BCRD that highlighted that these resources supplied by the Dominican diaspora abroad "have a multiplier effect on consumption, investment, and the financing of the most vulnerable sectors of the country".
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The issuing bank explained that the economic performance of the United States was one of the main factors that influenced the behavior of remittances, since 80.5% of the formal flows for the month of September originated from that country, some 729 million dollars. The BCRD also highlights the receipt of remittances through formal channels from other countries in September, such as Spain, for a value of 68.1 million dollars, 7.5% of the total, this being the second country in terms of the total number of Dominican diaspora residents abroad. Meanwhile, Italy, Haiti, and Switzerland contributed 1.5%, 1.4%, and 1.3% of the received flows, respectively. In the rest of the remittance reception, countries such as Canada and France, among others, are distinguished.
