Banks posted signs yesterday advertising US dollars at RD$50, despite all efforts to reduce the exchange rate. The unofficial rate is estimated at RD$51, according to the newspapers. El Caribe links the peso devaluation with the attempt to reform the electoral law, saying that the proposed controversial Ley de Lemas is undermining public confidence and must be stopped immediately. “If there is any doubt, check the date when discussions began on this issue (the Ley de Lemas) and the latest surge in the dollar rate.” The writer ends with the following plea: “Dominicans need a reaction. Decisions that provide a breath of relief. Please.”
For an update on the exchange rate, readers can consult the DR1 Business Forum, where board members from all around the country post the actual rate transactions have been made at. The link to this update on the exchange rate is posted on the front page of dr1.com in the left sidebar, where previously the Central Bank was being listed.