US dollar at RD$46 to US$1 for first time in years

The US$ dollar was sold for RD$46 to US$1 at banks nationwide on Monday, 4 July 2016. As reported in Diario Libre, on Monday the peso depreciated 3 cents from its Friday price. A report in Diario Libre explains the uniformity in the banks posting the same rate is due to the negotiation power of the Central Bank over the commercial banks.