For the first time in over 10 years, those wanting to purchase 1 US dollar need to cough up at least RD$47 Dominican pesos.
The Central Bank reported that the official rate banks are buying US dollars is 46.91 pesos per one US dollar. To buy a US dollar at a bank the reference price from the Central Bank was RD$47.01, as of 7 February 2017. This rate had increased to RD$47.03 by Wednesday, 8 February 2017.
During a meeting with the Association of Commercial Bank, the governor of the Central Bank Hector Valdez Albizu said that the amount of US$ dollars entering the Dominican economy had been increasing. He said in 2016, US$24.3 billion dollars entered the Dominican currency market, and gross international reserved closed at a record of US$6,047.4 million and US$6,046.7 million the international net reserves.
Read more in Spanish:
El Nacional
Banco Central
9 February 2017
