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View Full Version : European remittances grow



NewsWhore
04-02-2007, 05:50 PM
Four years ago, remittances from Europe constituted 9% of the total remittances received from overseas. Today, according to an article in El Caribe, they make up 20% of the total. Freddy Ortiz, the president of the Dominican Association of Remittance Couriers (Aderedi), says that the increase is due to two factors: the first is the fact that there are more Dominicans living in Europe and the second is that they are achieving better living standards. Ortiz also pointed out that the Dominican remittance companies offer door-to-door services, which no other country in Latin America enjoys.

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