NewsWhore
08-28-2008, 04:10 PM
Hacienda Minister Vicente Bengoa says its normal that the dollar has appreciated to the peso recently. Bengoa says that importers are replacing inventory in time for the Christmas shopping season. Bengoa added that the National Budget was prepared using a peso at RD$36 to the US$1. He says that he doesn't expect the peso to depreciate as much. He said in December, the peso rate will stabilize, with the increase in tourism and influx of money from expatriate Dominicans that return home for the holidays. The rate was at RD$34.86 on Thursday, 28 August, compared to RD$34.27 average for the month of July.
More... (http://www.dr1.com/index.html#7)
More... (http://www.dr1.com/index.html#7)