The Central Bank yesterday injected US$11 million to prop up the official peso-dollar exchange, and will add another US$14 million. Last week the Bank used US$17 million to defend the peso, but the exchange rate continued slipping ever so slightly to RD$15.5=US$1. Yesterday Banco Popular was buying at RD$16.16=US$1, while Banreservas and Banco Mercantil bought at RD$16.13.
