Exchange rates for Christmas...

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Luis

New member
Jan 21, 2002
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I would like to know if the news regarding the dollar conversion in the DR are true. Are they going to freeze the rate for a month?, who is doing that?, The Central Bank? don't they need some kind of law, decree or regulation in order to do this? Is there one?

Any thoughts on this issue? anybody?
 
S

sjh

aka - shadley
Jan 1, 2002
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www.geocities.com
the freeze is just a "gentlemans agreement"

It doenst matter how it is done, eventually market pressure will force the rate to change by bankrupting the people trying to hold the exchange constant.

There is a huge demand for dollars. Unless that supply comes in from some outside source the outcome is inevitable....
 
L

Luis

New member
Jan 21, 2002
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A "Gentlemans agreement"??, among who??.. So no legal framework to it??
Supply comming from foreign sources, ummmm... I see, also dangerous though.
 
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