Uncategorized June 14, 2021 | 9:06 am

Remittances top U$$933.8M, a US$295.0M jump

Santo Domingo.- The Dominican Central Bank reported that last May the remittances received reached U$$933.8 million, an amount that exceeds by US$295 million those registered in the same month of 2020, equivalent to a growth of 46.2%.

Cumulatively, between January and May 2021, remittances totaled US$4.4 billion, US$1.6 billion above the same period in 2020, representing a year-on-year growth of 60.5%.

It said the improvement in economic conditions in the United States is one of the main factors that has had an impact on the behavior of remittances, since 85.4% of the flows in May came from that country, where more than two million people reside. people of Dominican origin, according to the Census Bureau of the North American nation.

Comments are closed.