The central bank (BCRD) reported that in January- November of 2022 the remittances reached the US$8,912.3 million, so that It is expected that by the end of this year flows of around US$10,000 million could be receivedas had been estimated at the beginning of the year.
In November 2022, particularly, lremittances totaled US$787.0 millionregistering, for the second consecutive month, a slight year-on-year increase of 0.1%.
He says that compared to the same month in 2019, the year before the pandemic, growth is 27%. This result reaffirms the establishment of the new level of monthly remittance flows around US$800.0 million.
It indicates that when comparing this amount of November 2022 with the averaged value in the same month for the period 2015-2019 pre-pandemicwhat happened with $454.6 million, a significant increase is observed. affirms that these resources contributed by the diaspora, without a doubt have a multiplier effect on the consumption, investment and financing of the most vulnerable sectors.
Explain that the economic performance of the United States is one of the main factors that continues to affect the behavior of remittances, since dUS$588.0 million came from that country, 83.8% of the flows in November through formal channels.
The remittances from Spain reached the $45 million, 6.5% of the total, Spain is the second country in terms of total residents of the Dominican diaspora abroad. Others come from Haiti and Italy, with 1.2% and 0.8% of the flows received, respectively.
The rest of the receipt of remittances is divided between countries such as Switzerland, Canada and Panama, Add.