1999 – Page 50

The peso began to strengthen against the dollar as a result of the US$30 million injection of monetary reserves into the banking exchange market yesterday. Today, the Central Bank said it would inject another US$15 million, bringing the total to US$45 million in two days, apparently sufficient to stop the run on the peso. After …

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Delegations from 37 countries that will be participating in the II Summit of Heads of State and Government of Africa, Caribbean and the Pacific are in Santo Domingo to visit the sites where the summit activities will take place and make arrangements for the lodging of their heads of state and delegations. Seventy-one heads of …

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A contingent of 90 French soldiers are participating in a three-day Dominican military training course in the Las Calderas, Baní naval military base. The Frenchmen arrived on board the "Francis Garnier" ship and will remain until Thursday. Some 60 members of the Dominican military and navy are receiving the weapons training course as part of …

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Former Puerto Plata senator and former minister of Public Works, engineer Miguel Angel Jiménez Messón (who is married to Ginette Bournigal, present senator for Puerto Plata) denounced that the Dutch company, Boscalis International did not fulfill contractual obligations to dredge the Port of Puerto Plata. News reports said that the government invested RD$55 million in …

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Technical Secretary of the Presidency, Temístocles Montás, who is a leading member of the Partido de la Liberación Dominicana (PLD) political committee, said that the presidential candidate of the PRD met last week with former president Joaquin Balaguer. Balaguer is the leading of the Partido Reformista Social Cristiano (PRSC) and surveys say he controls enough …

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The confessed assassin of three-year old girl Elaine Yamile Reyes, 24 year old shoe shiner Daniel Antonio Martinez Rodriguez was stabbed to death 15 times by a convict murderer in the north central Cotuí jail. The Cotuí jail was the fifth jail where he was sent after his life was threatened in four other jails. …

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Michael Camilo, one of the leading jazz and concert pianists of Latin America today, had to import his own Steinway piano from New York City to play at the 52nd anniversary of the Central Bank. Camilo will play a concert for piano and orchestra accompanying the National Symphony Orchestra, conducted by Maestro Carlos Piantini. The …

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The president of the National Senate, Engineer Ramón Alburquerque criticized the government for what he considers an excess of ministers. He said the government spends over RD$700 million (about US$44 million) in wages and diets paid out to ministers and deputy ministers. He said that Dominican law establishes there should only be 86 ministers and …

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The Central Bank announced it will inject US$30 million into the exchange market to the upward trend of the dollar. The dollar increased as a result of an increase in the exchange rate commission, from 1.75 to 5.00. The increase in the exchange rate has been criticized by business sectors due to its inflationary effect, …

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Tropical Storm José could threaten the Dominican Republic late this week if the storm maintains the west north-west track it is on. And the National Hurricane Center (United States) says it is gaining strength East of the Windward Antilles. "In 24 to 48 hours it could reach hurricane status," said Jack Bevin, a hurricane specialist …

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