Throughout September, the Dominican peso has accelerated its pace of depreciation with a level of depreciation of 3.4% between January and 23 September 2019 against the US dollar. The exchange rate is nearing RD$52 to the dollar on the Central Bank official rate. Some exchange houses are offering it at above RD$52 for the last couple of weeks and say it is now at RD$52.34.
The Central Bank has injected dollars into the market to reduce the pace of depreciation amid economic uncertainty. As a result, the international reserves were down by US$96 million by 18 September.
The current projections show the rate of depreciation for this year to be 5.4% closing at RD$53.10 to the dollar.
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Diario Libre
25 September 2019