I could use some help from those of you with a little more understanding of currency issues. If the U.S. dollar continues to fall in relation to other world currencies, and the peso remains at about 33:1 to the dollar, is the peso then in effect losing it's value to purchase imported items? The Fernandez government seems satisfied, even pleased, to maintain the current exchange rate.
- Thread starter Farmer
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Value of the peso
You need US$ to pay for oil, and no other currency... That is a big part of the explanation... The day that oil will be charged in swiss Francs or Yens, maybe the Dominican gvt shall take a better look at those respective exchange rates...
