The Central Bank data shows that its net international reserves have declined US$537.9 million from January to September 2017. The net international reserves have gone from US$6.7 billion in January 2017 to US$6.17 billion in September 2017.
Economist Miguel Collado is critical of the origin of the international reserves in the Dominican Republic in recent years. He explained to Diario Libre that in recent years international reserves have fluctuated depending on the cash flow of international borrowing taken on by the Dominican government instead of being locally generated from exports or investments.
“Since the government does not have a surplus because it operates with a deficit you can usually see the reserves increase when there are international bonds emissions. That money enters and an important part is allotted to the Central Bank,” he said.
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Diario Libre
14 November 2017
