NewsWhore
06-16-2011, 04:00 PM
Expatriate Dominicans sent more money back to the DR during the first quarter of 2011 compared to the same period last year. Remittance figures show a 5% increase for the first three months of the year, compared to the first three months in 2010.
In January, Dominicans sent back US$238.2 million, in February US$250.2 million and in March US$275.5 million, according to Central Bank statistics.
From 2008 to 2010, remittances had been sliding down. For example, in 2008 Dominicans sent back US$3.22 billion, in 2009 US$3.04 billion and in 2010 US$2.99 billion.
The bank is optimistic the trend could be reversed this year.
Nevertheless, official statistics show that in March 2011 compared to March 2010 there was a 17% decline in remittances, or US$47.1 million less.
More... (http://www.dr1.com/index.html#8)
In January, Dominicans sent back US$238.2 million, in February US$250.2 million and in March US$275.5 million, according to Central Bank statistics.
From 2008 to 2010, remittances had been sliding down. For example, in 2008 Dominicans sent back US$3.22 billion, in 2009 US$3.04 billion and in 2010 US$2.99 billion.
The bank is optimistic the trend could be reversed this year.
Nevertheless, official statistics show that in March 2011 compared to March 2010 there was a 17% decline in remittances, or US$47.1 million less.
More... (http://www.dr1.com/index.html#8)