Tourism Exchange Rate News

[Don Tomas]

What's the real worth of the peso?

Johnny Bernal, former president of the National Hotel & Restaurant Association, said that the present levels of the US dollar, currently at a rate of less than RD$30 to US$1, are affecting the competitiveness of the tourism sector. Furthermore, Freddy Ortiz, the president of the

Association of Remittance Companies (Aderedi), in the same interview with Diario Libre said that the appreciation of the peso is due to the lack of money in circulation, a factor that he says has contributed to a reduced demand for dollars.

Both Bernal and Ortiz believe that the present rate is affecting the ability to compete of those who generate hard currency.

Ortiz called on the monetary authorities to determine the optimal rate and take measures to have the dollar transacted at a competitive price.

He commented that Central Bank Governor Hector Valdez Albizu had stated that an ideal exchange rate would be between RD$35 and RD$38 to the US dollar.

[BrooklynBeas]

ill sign up for 35-38 to 1usd right now!!! by next week im thinkin ill be getting 25-1

[JDR]

ill sign up for 35-38 to 1usd right now!!! by next week im thinkin ill be getting 25-1

Sounds about right 37-40.

[guttaman]

At 25dr to 1us i will go to Passions for 25us and spend rest of time at beach. After a while chicas will need to feed bambinos and adjust. My 3am 1500 all night just might go to 1000dr take it or leave it. Time to make up new index cards. Sorry palace chicas but no more 1500 short unless your name is Merolyn.