banks in DR

[Voyager]

The peso devaluation is only applicable to foreigners who need other currency . If you live in the country the inflation of the peso is important ..

Good summary of the basic two ingredients in this soup.

 

[Porfio_Rubirosa]

...I wrongfully assumed that Scotia Bank in the DR is associated with the Canadian Scotia Bank. I inquired here in Canada and as well called the Scotia Bank Head Office in SDQ. They carry the same name but that is where it stops.

Well, they are in fact "associated" (meaning common ownership), but that's where it stops. With Scotiabank, though, you do at least get Canadian management, for what it's worth.

 

[NALs]

Well, they are in fact "associated" (meaning common ownership), but that's where it stops. With Scotiabank, though, you do at least get Canadian management, for what it's worth.

That's how most multi-national corporations are.

Each company must adhere to local laws and many times, that means a totally different organization from the original one.

The only equality between the two would be the name and the fact that much of the profits heads for the main headquarter somewhere in the first world.