The peso began to strengthen against the dollar as a result of the US$30 million injection of monetary reserves into the banking exchange market yesterday. Today, the Central Bank said it would inject another US$15 million, bringing the total to US$45 million in two days, apparently sufficient to stop the run on the peso. After the government increased the exchange rate commission to 5% up from 1.75%, the dollar gained RD$0.50 against the peso. The trend now is to regain the previous level, when banks were buying dollars for RD$15.60 and selling these for RD$16.15.
