NewsWhore
12-22-2008, 05:30 PM
The Central Bank is denying claims that the exchange rate is reflecting decreased textile exports and problems in the tourism sector.
The Central Bank gave assurances yesterday that the nation would have sufficient hard currency income next year. This income will come, according to estimates by Central Bank analysts, from tourism, remittances and free zones. A statement published in the national newspapers also mentions disbursements from multilateral organizations and the flow of direct foreign investment.
This income, according to the note, will guarantee relative stability in the exchange rate.
More... (http://www.dr1.com/index.html#7)
The Central Bank gave assurances yesterday that the nation would have sufficient hard currency income next year. This income will come, according to estimates by Central Bank analysts, from tourism, remittances and free zones. A statement published in the national newspapers also mentions disbursements from multilateral organizations and the flow of direct foreign investment.
This income, according to the note, will guarantee relative stability in the exchange rate.
More... (http://www.dr1.com/index.html#7)