Celso Marranzini, the president of the largest business organization, the Consejo Nacional de la Empresa Privada (Conep) said that the government will have to restrain its spending to avoid pressures on the exchange market and an increase in interest rates. Furthermore, Jos? Francisco Pe?a G?mez, who is running for mayor for the Partido Revolucionario Dominicano, said that excessive government spending on the Partido de la Liberaci?n Dominicana political campaigns can be blamed in part for the drop in the value of the peso in regards to the US dollar. The Central Bank announced yesterday it was injecting US$50 million into the market which caused an immediate decline in the number of pesos needed to buy a dollar. The dollar had peaked at RD$15.25 last week. On Tuesday, 31 March commercial banks were buying dollars at RD$14.35-RD$14.65. Street money merchants were offering to pay up to RD$14.95 for the dollar.
