Foreign currency is now fetching more pesos. According to press reports, the dollar has been sold for up to RD$15 pesos on the street market, a new record. Thus the peso has lost 5% of its value since December 1997. According to Hoy newspaper, the exchange rate used by Dominican industries for bank transfers to pay for imports is the rate that most has gone up. Banker Andrés Aybar Báez attributed the increase to the resolution of the Central Bank that establishes that bank deposits must remain 15 days in an account before it can be transferred abroad.
