The president of the National Association of Herrera Industries (Aneih), Antonio Taveras Guzmán, complained about the scarcity of hard currency in Dominican banks. He said this is affecting the capacity of Dominican businesses to meet their financial obligations with international suppliers. In a press conference, Taveras said that companies are now having to borrow in dollars to meet their international commitments. Taveras said that if the data shared by the Central Bank on the growth of the economy are true, there should not be a scarcity of dollars in the country.
He warned that the recent issuing of US$1.3 billion in international bonds by the Ministry of Hacienda is only a short-term solution to the problem. He called for more definitive measures to ensure the flow of foreign currency over the long term.
The Central Bank reported that the recently contracted bond money will enter the country on 19 July 2018. The Central Bank says that the economic growth and the increase in petrol prices have impacted the demand for hard currency.
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Acento
El Dia
19 July 2018
