Currency market under control ?
Central Bank governor Hector Valdez Albizu said last night that the foreign currency market in the country was under control. He said the injection of international reserves had successfully defended the exchange rate that is now back at levels reported during the final months of 2011. Valdez Albizu said that exchange houses and bankers had accepted the timely intervention in the market to stop the depreciation. In the first two weeks of January, the peso depreciated past the RD$39.50 to US$1 mark, and was hovering near the RD$40 to US$1 rate, when the authorities injected the reserves. ----------------------The AR currency is 4.33 X $1 by manipulation. It should be at least 6 X $1 !!!!!!!!!!!!!!!
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