NewsWhore
09-25-2009, 02:10 PM
Banreservas general manager Daniel Toribio has stressed the importance of remittances to banks in the DR and the economies of Latin America. Toribio was speaking during the official start of a joint remittance program by MoneyGram and BanReservas. He said that Banreservas was seeking to compete for a greater share in the remittance market with MoneyGram as a partner. MoneyGram has 180,000 offices all over the world and Banreservas has 193 branches in the Dominican Republic.
Toribio said that 1,205,000 Dominicans live overseas. During the first half of the year -January through June - overseas residents sent US$1.45 billion back to the Dominican Republic, according to Toribio. During 2008, remittances accounted for 7.5% of the nation's GDP.
More... (http://www.dr1.com/index.html#5)
Toribio said that 1,205,000 Dominicans live overseas. During the first half of the year -January through June - overseas residents sent US$1.45 billion back to the Dominican Republic, according to Toribio. During 2008, remittances accounted for 7.5% of the nation's GDP.
More... (http://www.dr1.com/index.html#5)