The Central Bank announced its decision to inject the commercial bank foreign exchange market with another US$20 million in order to maintain the stability of the peso. The Central Bank has been stopping the peso from fluctuating, citing the increase in the number of pesos needed to buy a dollar is a result of speculation. Street market prices have reached up to RD$14.65 versus the RD$14.02 official quote used by commercial banks. The Central Bank injected the exchange system with US$20 million last week. Economist Eduardo García Michel estimated that the true ratio of the peso to the dollar is 17 to one.
