Ahh yes......................Banco Intercontinental. The bank that broke the bank............and the country.Ah yes, the days of 50% CD's. Some lucky folks got in on that one. (ahem)
"Solid............like Sammy Sosa."
Official peso rate soared to 59.................unofficially it hit over 60................until Mejia stationed the military at Casa de Cambio's to make sure they adhered to the official rate.......................our own departed CCCCCCccccccccc reported getting 60.
IMF saved the DR............who in turn saved the depositors...............80% of the deposits were rumored to be held held by wealthy families.
Not the only example, but the best example of what still haunts the DR today.......................massive corruption...............that from time to time manifests itself beyond the usual graft that still exists here today...............Odebrecht anyone.
Respectfully,
Playacaribe2