The United States dollar is currently at the lowest exchange rate since September 2005. It is being quoted at between RD$30.50 and RD$31.25. Part of the reason for the dollar’s decline is the long Easter Week recess that has brought trade to a near standstill, and a lower demand that met with a plentiful supply for the hard currency. As a result, some experts feel that the lower dollar will be a factor in assisting the DR to fulfill its obligations with the IMF. This, in turn, could have a positive effect on the macro-economic handling of the nation’s finances. The dollar had reached levels that flirted with RD$35 to one.<\/p>\n
Meanwhile, the Dominican Republic Central Bank has announced that the inflation rate as measured by the CPI (Consumer Price Index) reached the bare perceptible level of 0.09% for March. As a result, the accumulated inflation for the year is pegged at 1.52%. The first quarter’s results seem to indicate that the country will fulfill its challenge of meeting an inflation rate of less than 7.4% for the year.<\/p>\n","protected":false},"excerpt":{"rendered":"
The United States dollar is currently at the lowest exchange rate since September 2005. It is being quoted at between RD$30.50 and RD$31.25. Part of the reason for the dollar’s decline is the long Easter Week recess that has brought trade to a near standstill, and a lower demand that met with a plentiful supply … <\/p>\n