1998News

Speculation said to affect currency market

Luis Manuel Piantini, vice governor of the Central Bank, said that the government will not devaluate the local currency. Central Bank authorities say speculation has led the peso to reach RD$14.60 on the streets, after months of stability in the free market at a level of around RD$14.35 maximum. Average dollar selling price on the street market was up to RD$14.24 last week.