Dom Rep’s Remittances Jump to US$10.4B In 2021: Central Bank
- The Central Bank of the Dominican Republic (BCRD) reported on Tuesday that in December 2021, remittances reached US$940.8 million, surpassing that recorded in December 2020 by US$68.5 million. Also, the 2021 remittance figures exceeded 2019 numbers by US$284.1 million, or 43.3 percent.
- Total inflows in 2021 reached US$10.4 billion, about US$2.2 billion more than the same period in 2020, registering 26.6 percent year-on-year growth, this being the highest level ever reached.
- “The continuous improvement in economic conditions in the United States is one of the main factors that continues to influence the behaviour of remittances, since 83.2% of December flows came from that country.”
(Source: Dominican Today)