DR1 Daily News - Dominican Republic

Top officials from the Dominican Republic’s Central Bank, Treasury, and Banking Superintendence met with leaders of the country’s financial sector to review the national economy. The meeting, which included Governor of the Central Bank Héctor Valdez Albizu, Treasury Minister Magín Díaz, and Banking Superintendent Alejandro Fernández, sought to review the economy’s performance and establish a unified approach to maintaining macroeconomic stability.

The meeting comes amid public concern over the recent dip of the Dominican peso against the US dollar. Valdez Albizu assured the public that the fluctuation is caused by a seasonal effect. He explained that there are no macroeconomic factors to justify the recent volatility, pointing to the annual surge in demand for US dollars in September as companies restock inventories for end-of-year sales.

Meanwhile, the fluctuation is a positive for tourist spending, exporters and buying power of remittances sent from abroad.

Valdez...