Luis Molina Achecar, president of the BHD bank, urged measures to lower banking interest rates. He said that the restrictive procedures implemented by the government in order to exert pressure to lower the exchange rate have forced interest rates up to 40% or more, which has had a chilling effect on borrowers. Achecar also said that the BHD bank alone has an excess liquidity of RD$4 billion, but that there were few prospective borrowers at those rates. He said the Association of Commercial Banks of the Dominican Republic was not in favor of the restrictive monetary policies that mostly have affected the productive sectors.