2017News

What’s the explanation on the US dollars scarcity?

With the peso depreciating to RD$47 to US$1, the Association of Industries of Herrera and Province of Santo Domingo (AEIH) demanded a clear explanation from the authorities concerning the continuing scarcity of US dollars circulating in the free market. The president of AEIH, Antonio Taveras said that businessmen are having serious difficulties in securing hard …
2017News

President Medina issues decree to control public spending

President Danilo Medina issued Decree 15-17 that applies to the control and fulfillment of public expenditures, as reported in El Nacional. The objective of the executive order is to improve the transparency in government purchases and to ensure the prompt payment of its suppliers. According to the Presidential Minister Gustavo Montalvo, the decree is aimed …