NewsWhore
07-18-2008, 06:10 PM
Dominicans are quick to smell a new business opportunity. Now, given the widespread shortage of change that is affecting stores, there are businesses that will cash bills for a fee. This is only making matters worse, because they have collected coins in the market for distribution to businesses needing cash and willing to pay the 15-20% commission fees, as reported in Hoy.
Pedro Perez of the National Organization of Commercial Entities (ONEC) denounced the continued acute shortage of RD$10 and RD$25 coins. He said that matters are now worse, because after the Central Bank denied that there was a shortage, customers stepped up the pressure demanding change. Businesses try to encourage their customers to take something extra for the change, or to pay with credit or cash cards. Perez says that there are more RD$5 coins available, but not enough to cover the stores' needs.
The Central Bank announced that it has ordered shipments of new coins that are due to arrive in October, November and December.
More... (http://www.dr1.com/index.html#10)
Pedro Perez of the National Organization of Commercial Entities (ONEC) denounced the continued acute shortage of RD$10 and RD$25 coins. He said that matters are now worse, because after the Central Bank denied that there was a shortage, customers stepped up the pressure demanding change. Businesses try to encourage their customers to take something extra for the change, or to pay with credit or cash cards. Perez says that there are more RD$5 coins available, but not enough to cover the stores' needs.
The Central Bank announced that it has ordered shipments of new coins that are due to arrive in October, November and December.
More... (http://www.dr1.com/index.html#10)