The vice governor of the Central Bank, Luis Manuel Piantini said on TV last week that the DR is the only Latin American country to show a major improvement of its US$ reserve position and foreign debt. Piantini explained that the foreign debt has been reduced US$1,100 since year 1994. The foreign debt declined from US$4,500 million to US$3,400 million over that time period. He said the Central Bank strives to maintain the present macroeconomic stability, with low levels of inflation, while implementing policies that balance the monetary and credit policies.
