President Mejia asked that the exchange banks and the remittance companies ?remain calm? during a meeting held in the presence of the government?s economic team. After the meeting, one source said that the President would only hear suggestions from the exchange bankers. No new plans were drawn up nor were discussions held on the often-mentioned ?Plan B? that would have the government attempt to penalize so-called speculators in the currency market.
A source from the exchange-market sector said that the lack of dollars currently in circulation can be attributed to the fact that the exchange houses are hoarding the dollars in their possession and selling only to certain clients at higher rates of exchange.
Meanwhile, the going rate for the peso in parallel, although illegitimate, markets is RD$23 to US$1, noticeably higher than the supposed official trading rate of RD$20.80.
