Central Bank governor Hector Valdez Albizu says that the national economy is going full steam ahead as confirmed by J.P. Morgan, the financial services firm contracted by the government for recent bond placements.
Valdez Albizu commented that growth in the United States economy is positive given the close ties between both nations.
The Central Bank governor was speaking at a meeting of the Senate Treasury Committee that was studying a proposal submitted by the Executive Branch for an increase in the capital of the governmental Banco de Reservas to RD$10 billion. The current capital is RD$3.5 billion.
As far as the national debt was concerned, Valdez Albizu said it was at 47%, rejecting higher figures such as 55%, 53% and 50% used by other economists. Valdez Albizu said he doubted that the exchange rate would reach the RD$46-US$1 projected in the 2015 National Budget bill.
http://www.listindiario.com/la-republica/2014/10/1/339738/Albizu-dice-economia-RD-va-bien