1998News

Peso up as Central Bank announces new dollar injections

The announcement that the Central Bank would inject an additional US$40 million into the commercial banking exchange market caused the peso to increase in value in relation to the U.S. dollar. Banks are now offering the dollar for RD$14.40 and RD$14.50, down from RD$14.65 earlier this week. Banks continue to buy dollars at RD$13.95-RD$14.00.