NewsWhore
10-22-2010, 04:30 PM
The Dominican peso is sliding against the US dollar. Reports are that on Monday, the peso closed at 37.50 to the US dollar, up from 37.35 the previous week. The decline comes at a time when economists are questioning the increasing borrowing by the Fernandez administration and the impact on fiscal sustainability. The Fernandez administration is holding an increasing fiscal deficit, primarily attributed to excessive government current spending. This is occurring at a time when free zone exports, remittances and tourism receipts have declined significantly, and consumer goods imports are on the rise.
More... (http://www.dr1.com/index.html#6)
More... (http://www.dr1.com/index.html#6)