NewsWhore
03-11-2009, 06:30 PM
The New York Daily News carries a story on how Dominicans are sending money to their relatives in the US to help them out while they go through hard economic times.
"They're receiving back what they have sent all those years," said Reny Pena, a supervisor at Manhattan-based money transfer company Envios De Valores La Nacional Corp. The company has branches all over the city. The company, which used to handle 80 to 120 money transfers from the Dominican Republic to the US a month, is now doing up to 150 a day, Pena said.
Pena nevertheless says that the reverse remittances still only account for a fraction of the company's business.
www.nydailynews.com/ny_local/queens/... (http://www.nydailynews.com/ny_local/queens/2009/03/10/2009-03-10_more_dominicans_taking_financial_help_fr.html)
More... (http://www.dr1.com/index.html#10)
"They're receiving back what they have sent all those years," said Reny Pena, a supervisor at Manhattan-based money transfer company Envios De Valores La Nacional Corp. The company has branches all over the city. The company, which used to handle 80 to 120 money transfers from the Dominican Republic to the US a month, is now doing up to 150 a day, Pena said.
Pena nevertheless says that the reverse remittances still only account for a fraction of the company's business.
www.nydailynews.com/ny_local/queens/... (http://www.nydailynews.com/ny_local/queens/2009/03/10/2009-03-10_more_dominicans_taking_financial_help_fr.html)
More... (http://www.dr1.com/index.html#10)