With an accumulated deficit of approximately RD$70 billion, the Central Bank registered operational losses of RD$4.527 billion in the first quarter of 2004, which, in turn, increased the quasi-fiscal deficit that was stated to be RD$69.268 billion in March of this year. As reported in El Caribe, internal financing increased by 3,000%. At the end of April the gap between financing and values was put at RD$28.734 billion. This is the amount of money considered to be amount of ?inorganic? or unbacked currency in circulation. With relation to December figures, the accumulated gap was estimated at RD$58.351 billion, an amount that has increased by RD$10.72 billion in the first three months of 2004 alone. The IMF Stand-By agreement stipulates a gap of RD$6.740 billion for the first quarter and a year-end loss of RD$25,050. Despite the actual situation, the government?s cash flow rose by 13% in the first quarter, as it reached RD$45.23 billion.