1998News

Peso gains against the U.S. dollar

Dominican banks and exchange houses are buying dollars for a spread from RD$14.35 to RD$15.25, according to press reports. The dollar is losing strength against the peso, declining some 15 points yesterday. Pesos are being sold for a maximum price of RD$15.48, while banks are offering a maximum of RD$15.25 per dollar. The Central Bank official exchange rate continues to be RD$14.02.