In its weekly column, the National Council of Business writes how the Dominican economy has shown a surprising potential for growth and recovery ? beyond the perception of its own leaders.
But, it says, the most pressing immediate problem affecting the Dominican Republic is in the perception of its citizens and their expectations. ?No country can withstand everyone exchanging their currency at the same time for foreign currency. When this occurs, the exchange rate skyrockets ? and that is what is happening. In order to stop this from continuing, the government has decided to restrict the circulation of the peso, but that, in turn, affects the interest rates and harms the profitability of companies, for which the remedy can only be implemented for a short time.?
CONEP says it is aware that it is up to the government to create an adequate climate for confidence in order to avoid the prolongation of the present state of affairs, saying that this is an opportunity for the nation to show the strength of its political and business sectors.