US Dollar Account in the DR Interest?

12% may be about right. I don't know the rate now days.

I was thinking that if you had invested in the Central Bank a few months back when the exchange rate was 29 to 1....changed your dollars to pesos and your money was earning you say 21%....then the exchange rate goes to 34 to 1....that would be a 17.24% change and almost wipe out your investment earnings.

On the other hand if you moved into the Central Bank when the rate were 34 to 1 and the exhange rate went to 29 to 1...then you would be making out like a bandit. Of course it could go higher.

Is this correct thinking or am I missing something?

And has the Central Bank in recent years ever refused to pay anyone their money once they desired to cash out?

Yup, .....The Question has been asked MANY times

Try going into the search function & putting Anoeca in as the search word - you will get numerous threads to look at.

Your description of the article you read sounds very much as though you were in fact reading about Anoeca, except that the figures are slightly out of date. Being a Finance House (money lender that deals with BUSINESSES only - no knee-bashing techniques used by this company) they are not bound by the laws of the National Banks & can therefore pay interest at a higher rate than the banks. My understanding is that Anoeca pay from 8% pa for US $ accounts & the rates increase with the amount deposited & depending on the term of investment. 12% on US $100,000 seems high to me, that return should be for about US $200,000.

24% on US $100K converted to RS Pesos went away last year (unless Alberto has changed again within the last week) because when I went in on Friday od last week, the rate for RD $3 Million was around 17% pa (maybe he might stretch it to 18% or 19% pa if he had a long term agreement).

Good company to deal with - if you check the archives you will see I have been singing his praises since 1998. ~ Grahame.