Santo Domingo, (EFE) – Remittances sent this year to the Dominican Republic will exceed 10 billion dollars, according to the governor of the central bank, Héctor Valdez Albizu, at a press conference.
Remittances continue with “significant dynamism,” with year-on-year growth to November of 11.2%, according to the official.
According to data from the Central Bank, the remittances received by the country between January and November of this year totaled 9,461 million dollars.
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This represents 28.8% more than in the same period of 2020 and 47.1% higher than the same months of 2019, the year prior to the covid-19 pandemic.
In November, the data added, remittances amounted to 786.6 million dollars, exceeding by 79.1 million dollars those registered in November 2020.
83.9% of the flows in November came from the United States, where most of the Dominican diaspora resides, and 7% from Spain, a country that is home to the majority of Dominicans in Europe.
Other important markets were Haiti (1.3%) and Italy (0.9%), according to the issuing bank’s report.
The rest of the receipt of remittances is divided between countries such as Switzerland, Canada and Panama.
