The former governor of the Central Bank, Mr. Hugo Guilliani Cury, while speaking at a seminar organized by APEC University on globalization focussed on the Exchange System and Domestic Savings. He said, “The level of domestic saving is RD$18,000 million, 13 percent of the GDP. Dominicans overseas have over RD$20,000 million. If we are able to bring back 50 percent, it will mean that the total private savings in the country will rise to over RD$28,000 million.”
Mr. Gulliani Cury is an advocate of the so-called “Cajas de Conversión” (Exchange Conversion Agency) in order to stabilize the Dominican currency.