2000News

Central Bank injects US$30 million to lower exchange rate

The Central Bank announced the placement of US$30 million in the exchange market, to put a stop to the depreciation of the Dominican peso. He said they will be removing RD$500 million in excess liquidity from the monetary system. US dollars were being bought for RD$15.85 to RD$16.35 and sold for RD$16.10 to RD$16.40, not taking into account the 5% commission.