2005News

For-ex rate stable

The foreign exchange rate has been stable for the past two weeks due to low demand, according to a report in Listin Diario. Exchange agents expect the rate to drop by several points during the remainder of the year and to pick up again in January 2006. Yesterday, exchange agents were buying the US dollar at RD$32.50 and RD$32.70 and selling it at RD$33.00 and RD$33.10, whereas commercial banks were buying the US currency at RD$32.50 and selling it at RD$33.10. Exchange agents reported that the Euro has also been stable at the same rates as last week. No figures were offered for the Euro exchange rate.