ANTO DOMINGO.- In 2007 money remittances to the Domincan Republic reached US$2.980 million, a record in the 10 years since the figures have been registered.
With a population of some 9 million and with 14 percent living abroad- around 1.5 million according to an Immigration Department estimate- to establish a remittances business in Dominican Republic should be a true "hit," though in the last few years "this work is in frank decay," said Dominican Currency Remittance Companies Association (Aderedi) president Freddy Ortiz. [Read more]
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