It’s a good time to visit the Dominican Republic. The dollar is commanding an all time high of US$15.40 pesos. As a result of government efforts to stall the increase of the U.S. currency, the government is restricting the liquidity in banks, and the prime rate has climbed to 28%, up from 18% early this year. Local manufacturers and farmers complain that the high interest rates affect local production and job creation. The official rate continues to be RD$14.02, amidst demands from the exporter sector that the government allow the foreign exchange to float completely.
