The front page of the economic section of El Caribe reports that the financial sector of the Dominican Republic has confidence in the stability of the national monetary system. Yesterday, the President and his economic team met with representatives of the banking system, the exchange houses and the remittance companies to review the performance of recent measures taken by the government. The meeting took place at the home of the head of the Banco Popular, Manuel Alejandro Grullon. Following the meeting, the press was told that a delegation of bankers and government officials would be traveling to Miami and New York City to meet with international bankers and risk assessors, as part of a plan to continue the reduction of the exchange rate. Bankers have been meeting with the economic team of the government regularly since 17 February. In the past two weeks, the exchange rate has declined from a peak of RD$25 to US$1 to RD$23 to US$1.