Santo Domingo.– Thirty eight percent of Dominican households receive remittances that amount to over $3 billion US dollars. The majority of the recipients informally save an average of $1,400 dollars, revealed a study by Manuel Orozco, Director of the Program for Remittances and Development of the Inter-American Dialogue.
Orozco, who offered the conference “The Tendencies of Family Remittances and the Significance for the Dominican Republic in the Face of Changes in the World Economy,” held in the Fundación Global Democracia y Desarrollo (FUNGLODE) auditorium, talked about the impact the global recession could have on the sending of money in 2009.
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