2012News

CDEEE will pay with factoring some US$300 million

The State Electricity Companies (CDEEE) vice-president, Ruben Jimenez Bichara, said yesterday, Tuesday 11 December that they would pay some US$300 million to the generators through the use of factoring. Factoring is the exchange of accounts receivable to a third party (the generators) at a discount. Bichara asked the generators to become actively involved in the …
2012News

Counterfeit RD$1000 and RD$500 bills circulating

Traders in the municipalities of Licey, Tamboril and Santiago as well as other areas in the northern regions of the country have been cheated over the last few days with counterfeit bills of different denominations. According to reports, some people were cheated with RD$500, RD$200, RD$1000 and RD$2000 fake currency. Food Wholesalers Association (Amaprosan) president …