DR1 Daily News - Dominican Republic

President Luis Abinader addressed the nation on Sunday, 22 March 2026, warning of inevitable continued price hikes in electricity, transportation, and food. He attributed these pressures to the “large-scale external shock” caused by the conflict in the Middle East involving Iran. He made the statements before leaving for a three day trip to France, where he will be meeting with French President Macron.

The President emphasized that the Dominican economy is bolstered by international reserves exceeding US$16 billion, robust liquidity, and reliable access to international financing. These fiscal buffers, he noted, allow the government to anticipate potential shocks and act decisively in response to any global or domestic contingencies.

The government highlights the figure of US$16 billion in reserves is a critical metric for economic stability, especially...