2004News

From RD$30 to RD$47

One month after President Hipolito Mejia, in the presence of the economic team of his administration and also of the nation’s security forces, ordered that the exchange rate drop to RD$30-US$1, the value of the Dominican peso has plummeted to a new record low. After the rate stagnated at around RD$34-US$1, with dollars becoming scarcer …
2004News

FTA talks open in Santo Domingo

The first round of negotiations leading to a possible bilateral free trade agreement between the Dominican Republic and United States took place yesterday behind closed doors. Trade negotiations are government-to-government dealings, to which the authorities should bring to the table a previously agreed upon position of the private sector. In the Dominican Republic, while the …