The Central Bank’s International Department director, Frank Fuentes, says that the recent depreciation of the peso to more than RD$43 to US$1 was to be expected. He said that the Central Bank has estimated a rate of RD$45.80 to US$1 that was used for the Central Bank Monetary Program and the National Budget, equivalent to a variation of 6.6%. He said that the depreciation of 0.7% accumulated to January is approximately 11% of what was projected for the entire year. Nevertheless, he said this is below the average rate of depreciation that has occurred over the past five years. <\/p>\n
www.diariolibre.com\/economia\/2014\/02\/04\/i466561_banco-central-alzas-del-dlar-parte-las-proyecciones.html<\/p>\n","protected":false},"excerpt":{"rendered":"
The Central Bank’s International Department director, Frank Fuentes, says that the recent depreciation of the peso to more than RD$43 to US$1 was to be expected. He said that the Central Bank has estimated a rate of RD$45.80 to US$1 that was used for the Central Bank Monetary Program and the National Budget, equivalent to … <\/p>\n