6-10% per year devaluation against the dollar is normal and planned. UK pound lost 20 % of value against dollar in 3 months a couple of years back.
The peso was introduced at par with the dollar. It has been falling like a leaf ever since — steep dips and stalls with shallow recovers, but inevitably down. Is that a surprise to someone?
Anyone with lots of US $$ to invest could very likely double his money in about 4 years... buy in at 60 to 1. sell at 30 to 1.
Just like when Hipolito was at the helm.
It is climbing, isn't it? It got close to 60 to 1 during Hipolito, didn't it? It then came down to the low 30s, didn't it?
In forex investments and regular trading, history is taken into consideration. The levels of support and resistance are constantly tested.
The DR government could inflate or deflate its currency despite any external forces acting on the market.
If the inner circle congregates and its members decide to double or triple their fortunes, they will make it happen; despite of any economic indicators :chinese: