According to El Caribe, the abundance of dollars this week
\nwill be one of the factors that will continue the 6% decline in the exchange
\nrate seen last week. Augusto Peignand, president of the Association of Exchange
\nAgents says that various factors should see the dollar in the RD$28.00 to
\nRD$30.00 range in the coming weeks. According to Peignand, the signing of the
\nIMF agreement, the sale of the Banco Mercantil, the first release of IMF funds
\nand the upcoming meeting of the nation?s leadership called by Monsignor Agripino
\nNu?ez Collado has helped to restore confidence within the business community.
\nTwo more aspects that, according to the president of Adocambio, will help lower
\nthe exchange rate are the decision by President Mej?a to send the much discussed
\n5% tax on exports to Congress for approval and the measures being taken within
\nthe Central Electoral Board to resolve the crisis created by irregular
\nassignation of jobs within the board.<\/p>\n","protected":false},"excerpt":{"rendered":"
According to El Caribe, the abundance of dollars this week will be one of the factors that will continue the 6% decline in the exchange rate seen last week. Augusto Peignand, president of the Association of Exchange Agents says that various factors should see the dollar in the RD$28.00 to RD$30.00 range in the coming … <\/p>\n