The Central Bank announced today that it would rescind the 27 May decree that allowed producers of hard currencies to sell them on the open market. This decree was an attempt to flood the market and lower the exchange rate, which did not happen. While the major banks have followed Popular and Reservas in allowing their credit card clients to buy dollars at RD$28 to US$1 in order to pay their monthly dues, the dollar was being quoted at RD$35 to US$1 in most exchange houses. In El Caribe?s economy section, one report says that the exchange banks are buying dollars for much less than before, but do not sell them for less than RD$31 to RD$33. Many others are selling at RD$35 for US$1, especially in the extra-official banking sector.