The Central Bank of the Dominican Republic will auction
off US$25 million starting tomorrow, with a minimum purchase set of US$50,000.
The general public may participate in the auction, as well as the finance and
foreign exchange corporations. All purchases must be settled by 11 September.
For those wishing to participate in the auction, the required forms for
submitting bids can be accessed at the Central Bank? s website: http://www.bancentral.gov.do.
The offer must be sent to the Central Bank tomorrow between 9am and 12pm in
order to qualify.
El Caribe newspaper also reports that the Central Bank has extended the payment
deadline on loans from local commercial banks to government agencies to 31
December. The Monetary Board agreed to prolong the payment schedule outlined in
the 17 May resolutions, signifying that all government debts, both in dollars
and in pesos, are due to be paid by the end of the year.