The Dominican Republic’s central bank reported a 3.9% growth in remittances in the first eight months of 2023 compared to the same period a year earlier. The bank projects the total to exceed USD 10 bln by year-end. The inflow of remittances and other forms of foreign income like exports and tourism are projected to help maintain the exchange rate stability. The country’s international reserves covered about 5.9 months of imports at the end of August, above international guidelines.