Economy / Dominican Republic
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Remittance Costs To Decline Amid Slowing Growth
March 2008 | Economic AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Although full-year figures have yet to be released by the Dominican Republic's central bank, we estimate that remittances barely increased in 2007 to US$2.79bn (from US$2.74bn in the previous year). Looking ahead, a projected slowdown in the US is likely to contain remittances growth in 2008, although government efforts to improve the transaction process could soften the blow.