Translation

P

playacaribe2

Gold
Jan 9, 2004
10,912
2,247
113
Derfish said:
The letters are so small I cannot even decipher them say nothing abouyt reading it or translating.
Der Fish
Click to expand...

Fish:

When I click on the link my mouse arrow becomes a magnifying glass and if i click on that the document expands to a full page.

Thanks for trying.


Respectfully,
Playacaribe2
 
P

playacaribe2

Gold
Jan 9, 2004
10,912
2,247
113
Derfish said:
Something new every day. Got a professional who will be here this PM and I'll show it to him. It is of course talking about the spot market in currencies, but I'm sure you understood that much.
Der Fish
Click to expand...

Thank you again.

Yes, The basic subject I got. I am now looking to the specifics.


Respectfully,
Playacaribe2
 
M

Mauricio

Gold
Nov 18, 2002
5,607
7
38
In compliance with what is established in Numeral 2, Article 4 of the Exchange Regulation of the Monetary and Financial Law No 183-02 of 21st of nov. 2002, we are glad to inform that the exchange rate of the central bank for the acquisition and sale of USD, on closing dat of 24-01-2014 are RD@42.9467 and RD$43.0522, respectively., which serve as a reference for the operations of this institution on the 27th of january 2014. These rates are the weighed average of the spot market transactions (cash, transfers and cheques) of the date of today and do not include operations in the market of financial derivates.

In the same way, we inform that, in accordance with the 10th resolution of the Monetary Board of 14-08-2003, the exchange rate to be used for the daily revaluation of assets and passives en foreign exchange will be the referred acquisition rate of the spot market.
 
P

playacaribe2

Gold
Jan 9, 2004
10,912
2,247
113
Mauricio said:
In compliance with what is established in Numeral 2, Article 4 of the Exchange Regulation of the Monetary and Financial Law No 183-02 of 21st of nov. 2002, we are glad to inform that the exchange rate of the central bank for the acquisition and sale of USD, on closing dat of 24-01-2014 are RD@42.9467 and RD$43.0522, respectively., which serve as a reference for the operations of this institution on the 27th of january 2014. These rates are the weighed average of the spot market transactions (cash, transfers and cheques) of the date of today and do not include operations in the market of financial derivates.

In the same way, we inform that, in accordance with the 10th resolution of the Monetary Board of 14-08-2003, the exchange rate to be used for the daily revaluation of assets and passives en foreign exchange will be the referred acquisition rate of the spot market.
Click to expand...

Thank You!

This confirms my suspicions that the Central Bank is letting the peso devalue a little quicker than I had expected.

Again, thanks.


Respectfully,
Playacaribe2
 
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