2005News

For-ex rate tends to decrease

According to Finance Minister Vicente Bengoa, the foreign exchange rate will continue to decrease because merchandise for December has already been purchased, hotels are full of tourists and next month Dominican expatriates will start arriving to spend Christmas at home. Also, Listin Diario reports that the government has completed the renegotiation of the private debt with the London Club, representing a relief of US$142 million, and with the Paris Club, which represents US$137 million. This is money that had to be paid, but after the renegotiation it is as if they were new resources in the economy.