According to Diario Libre, the Central Bank was unable to place the full amount of the RD$2 billion in certificates of deposit available yesterday, issuing a disappointing 10 percent of the projected total. While the bank has decided to keep the offer open, inside sources told Diario Libre that the unusual method of allowing bids for the certificates via Internet and fax may have prompted the lukewarm response to the offer. The more traditional method of face-to-face open negotiations might have produced other results, say the sources.
