Dominican Republic’s international reserves decline but remittances stay strong
/ Our Today
administrator
The international reserves of the Central Bank of the Dominican Republic (BCRD) fell by US$592.8 million between August and September 2025, declining from US$13,887.6 million to US$13,294.8 million, a 4.3% decline.
Official data shows that the decline occurred in a global context characterised by dollar appreciation and rising external account pressures. As a result, reserve coverage decreased from 5.1 months to 4.9 months of imports, although it remains within the range recommended by the International Monetary Fund (IMF).
Analysts indicate that the reduction may be related to public debt payments, higher imports, foreign exchange interventions, or lower inflows from exports and tourism. Despite the decline, reserves continue to exceed the adequate threshold of three months of imports, though experts warn that further decreases could affect exchange rate stability. At the same time, remittances maintained a strong performance.
Between January and September 2025, the country received US$8,91 billion, an increase of US$914.1 million (11.4%) compared with the same period in 2024. In September alone, remittances reached US$991.8 million, up 11.9% year over year.
The United States remained the main source, accounting for 80.5% (US$729 million) of the total. The BCRD emphasised that these funds play a vital role in supporting consumption, investment, and social assistance, particularly for vulnerable sectors.
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