1998News

Dollar up to RD$15.34

The Central Bank announced that the new official exchange rate for the purchase of US dollars is RD$15.34, up from RD$15.32 last week. The rate will be effective through 3 August. The Central Bank rate is not necessarily the rate offered by commercial banks or exchange houses that may purchase dollars for less or more than the Central Bank. Exchange banks and commercial banks were purchasing dollars for RD$15-RD$15.25, while sales were taking place from RD$15.25-RD$15.45.