2015News

Dollars being injected into the market

Central Bank Governor Hector Valdez Albizu says that as of today, Tuesday 10 February 2015, an injection between US$150 million and US$200 million into the market will be made in order to meet the demand for foreign currency.

According to Valdez, this will also slow down the depreciation of the peso. He said the bank has the necessary savings in international reserves to carry out the operation.

He made the announcement at a surprise press conference yesterday, Monday 9 February 2015 and stated they would increase the reserve by two percentage points in the hope of discouraging financial institutions from buying dollars.

http://www.diariolibre.com/economia/2015/02/10/i1005821_banco-central-inyecta-dlares-eleva-encaje-para-frenar-depreciacin.html