{"id":39653,"date":"2001-03-21T01:43:56","date_gmt":"2001-03-21T01:43:56","guid":{"rendered":"http:\/\/dr1.com\/new\/pages\/central-bank-assuages-fears-of-passing-all-fuel-purchases-to-free-market\/"},"modified":"2001-03-21T01:43:56","modified_gmt":"2001-03-21T01:43:56","slug":"central-bank-assuages-fears-of-passing-all-fuel-purchases-to-free-market","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2001\/03\/21\/central-bank-assuages-fears-of-passing-all-fuel-purchases-to-free-market\/","title":{"rendered":"Central Bank assuages fears of passing all fuel purchases to free market"},"content":{"rendered":"<p>Central Bank Vice Governor Luis Manuel Piantini denied that the government has plans to pass the remaining 15% of fuel purchases to the exchange free market. Already, 85% of fuel purchase dollars are transacted on the free market. He said that the Monetary and Financial Code presently awaiting approval of the Congress already establish a provision to this end, as the new code stipulates there be only one exchange market. At present foreign currency is purchased by the government at RD$16.66, the official rate, while free market operators buy the US dollar at upwards of RD$17. The government dollar purchases made primarily from exporters are used to pay for fuel imports and foreign debt obligations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Central Bank Vice Governor Luis Manuel Piantini denied that the government has plans to pass the remaining 15% of fuel purchases to the exchange free market. Already, 85% of fuel purchase dollars are transacted on the free market. He said that the Monetary and Financial Code presently awaiting approval of the Congress already establish a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2001\/03\/21\/central-bank-assuages-fears-of-passing-all-fuel-purchases-to-free-market\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[16,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/39653"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=39653"}],"version-history":[{"count":0,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/39653\/revisions"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=39653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=39653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=39653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}