Fernando Pena Varona a Boston Investor and Economist Predicts that the Peso will be Devalue 100 pesos to a Dollar by 2030

pinonuevo

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Dec 7, 2020
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In the next five years even with the present economic growth forecast the Dominican Republic continues to Get Heavily indebted and and heavily regulated.
The government continues to hire along nepotism and political lines preventing well educated and experience workers from entering the government.
So much red tape to setup shop in the DR, Building permits are so corrupt and Small to Midsize business are so hard to setup that it prevents the next generation of wealth to enter the country.
It Turns out that other regional competitors like, Panama, Puerto Rico, Colombia, Argentina are making it easier for new investors with less red tapes and restrictions.

Contributed by: Fernando Pena Varona: Graduate of University of Massachusetts / Salem
PENA'S ACCOUNTING AND BUSINESS TECHNOLOGY
15 CHURCH STREET
SALEM, MA 01970
 

chico bill

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May 6, 2016
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OK I agree with the nepotism and red tape but this is all controlled by lawyers looking to rape the country for every last peso by making it complicated.
But DR is not unique in this game of economic destruction
 

drstock

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Oct 29, 2010
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The peso has gone the other way against the dollar in the last few months due to reasons I'm not allowed to discuss here. It was in the sixties but is currently in the fifties.
 

pinonuevo

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Dec 7, 2020
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We can all predict the future and some of us will be correct.
2025 has seen the biggest swing in a long time:
DatePriceOpenHighLowVol.Change %
Mar 31, 202558.74558.85061.11558.680-7.17%


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