Remittance flows reached US$5,826.7 million in the first half of 2025.
SANTODOMINGO- The Central Bank of the Dominican Republic (BCRD) anticipates a favorable evolution of foreign exchange earnings during 2025, highlighting those from the tourism sector, Foreign Direct Investment (FDI) and exports, along with remittances.
Regarding remittances and FDI flows, it is estimated that, by the end of the year, they will be around US$11.3 billion and US$4.7 billion, respectively, according to the regulatory body.
The Central Bank of the Dominican Republic (BCRD) reported that remittances received in the first half of 2025 reached US$5,826.7 million, an 11.2% increase compared to the same period of the previous year. Specifically, June saw remittances totaling US$923.8 million, a 7.9% increase compared to June 2024.
“These resources sent by the Dominican diaspora abroad are important for development, as they generate a multiplier effect on consumption, investment, and financing for the country’s most vulnerable sectors,”
the organization stated. It indicated that this positive performance of remittances occurs within an international context of high uncertainty and volatility in international financial markets, where global growth expectations have been affected, leading to shifts in capital flows and greater caution among households and businesses, particularly in countries hosting migrant communities.
Specifically regarding the United States, one of the main factors influencing remittance performance was the performance of several key economic indicators during June. The U.S. accounted for 81.2% of the formal flows for the month, totaling approximately US$693 million. The overall unemployment rate stood at 4.1%, slightly lower than in May, remaining close to full employment levels.
Similarly, the Institute for Supply Management's (ISM) non-manufacturing Purchasing Managers' Index (PMI) registered a value of 50.8 in June, higher than the 49.9 observed in May 2025.
The Central Bank of the Dominican Republic (BCRD) also highlights the receipt of remittances through formal channels from other countries in June, such as Spain, which received US$59.7 million, representing 7.0% of the total. Spain is the second largest recipient country in terms of the total number of Dominican diaspora residents abroad. Haiti accounted for 1.4% of remittances, while Italy and Switzerland each contributed 1.3%. Other countries receiving remittances include Canada and France.
Regarding the distribution of remittances received by province, the Central Bank of the Dominican Republic (BCRD) reports that the National District received 38.2% in June, followed by the provinces of Santiago and Santo Domingo, with 12.5% and 8.0%, respectively. This reveals that more than half (58.7%) of remittances are received in the country's metropolitan areas.
These foreign exchange inflows contribute to the current relative stability of the exchange rate, such that, by the end of June 2025, the national currency is projected to appreciate by 2.1% compared to the end of 2024. These increased external flows have also allowed the Central Bank to maintain an adequate level of international reserves, which reached US$14,793.3 million at the end of June, representing 11.3% of GDP and covering approximately 5.4 months of imports, exceeding the thresholds recommended by the IMF.
The Central Bank reaffirms its commitment to monitoring the current economic environment and will continue taking the necessary measures to counteract the impact of the challenging international landscape on the Dominican economy, in order to guarantee price and exchange rate stability.
