Same old, same old
I've been hearing the kind of maxim's commentaries since last year...
The goverment is having the same chit-chat, that everything is going to be all right.
1- They drained bank central's vaults selling dollars trying to stop the collasing of peso....and we simply get no dollars reserves and the peso collapsed.....
2- Tourism is having a peak this year and still the dollar is going up....
3- FTZ zones have been exporting a lot and have been "rewarded" with the infamous 5% tax (Are going to keep FTZ exporting after that?), and still the peso goes down....
4- The Banco Central has already "drained " RD$20,000,000,000.00 from the public and peso is still going down....
5- The president decreed a 2% tax on all imports and peso is still going down....
6- They created a .75% tax on checks processed by la Camara de Compensacion and peso is still down....
7- They have raised the active interest rate to historics higts and peso is still going down......
8- Dominicans have deposited US$1,300 millions dollars in foreign banks during 2002 in spite of the raising of interest rates....
So what else the IMF is going to do, magic?.......
:angry: :angry: :angry:
:angry:
:angry: ::bandit: