DR1 Daily News - Dominican Republic

On 11 September 2025, the Monetary Board unveiled new regulations aimed at overhauling the country’s foreign exchange framework and cracking down at speculation. The government has said there is no reason for the unusual spread in selling and buying prices of the foreign currency given the steady flow of hard currency generated by remittances, free trade zone operations and tourism receipts.

The Foreign Exchange Regulation was revised to require exchange transactions of more than US$10,000 or EUR100,000 to be registered. The Central Bank has also been granted authority to impose sanctions, including ban on carrying out transactions, on those who fail to comply with the new rules.

Among the key changes, the Monetary Board raised capital requirements for entities operating as foreign exchange intermediaries. Institutions will also be subject to stricter reserve obligations and tighter limits on their net foreign currency positions.

In addition to financial criteria, the...