The exchange market showed unofficial restrictions in the sale of dollars yesterday, Tuesday 27 August according to monitoring of financial intermediaries and exchange houses by Diario Libre. Exchange operations were carried out at RD$43.10 for the purchase of US$1.00 and RD$43.20 for sale yesterday. One of the financial intermediaries reported that the irregularity in the exchange market has been going on for the last two weeks, although the restrictions are not applied by all of the agents, and according to the information collected, customers can obtain up to US$3,000 at the teller, if they go to some offices.
The upward movement in the exchange rate is causing the authorities some concern. In recent statements, the Central Bank warned that it is keeping a strict watch on the indicator, and made it clear that it is considering the possibility of intervening in the market to reduce the volatility in the exchange rate. The Central Bank governor was at the Presidential Palace yesterday morning but the press was not granted access to the official. According to chronological accounts, during this year the exchange rate has been above RD$40 to the US$1, which puts at risk the inflationary goals established by the government, despite which, according to explanations from the Central Bank, there are no monetary or fiscal reasons that justify such behavior.