NewsWhore
01-20-2012, 04:40 PM
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.
Speaking at the National Theater where he received a Pro Youth awards for integrity and personal self-improvement, Valdez also told journalists that there was no need for fiscal reform in 2012. He said that what the country needed was to strengthen the tourism sector and local industry so that more goods and services, including farm products and manufactured goods, could be exported.
Mary Perez de Marranzini, legislators Alberto Atallah, Victor (Ito) Bisono and Esther Minyetti, journalists Nuria Piera and Manuela Lora, businessman Victor de los Santos, and Minister of Labor Francisco Dominguez Brito also received awards at last night's event.
www.elnacional.com.do/nacional/2012/1/19/108621/Gobernador-Banco-Central-dice-el-mercado-de-divisasesta-controlado-en-RD (http://www.elnacional.com.do/nacional/2012/1/19/108621/Gobernador-Banco-Central-dice-el-mercado-de-divisasesta-controlado-en-RD)
More... (http://www.dr1.com/index.html#1)
Speaking at the National Theater where he received a Pro Youth awards for integrity and personal self-improvement, Valdez also told journalists that there was no need for fiscal reform in 2012. He said that what the country needed was to strengthen the tourism sector and local industry so that more goods and services, including farm products and manufactured goods, could be exported.
Mary Perez de Marranzini, legislators Alberto Atallah, Victor (Ito) Bisono and Esther Minyetti, journalists Nuria Piera and Manuela Lora, businessman Victor de los Santos, and Minister of Labor Francisco Dominguez Brito also received awards at last night's event.
www.elnacional.com.do/nacional/2012/1/19/108621/Gobernador-Banco-Central-dice-el-mercado-de-divisasesta-controlado-en-RD (http://www.elnacional.com.do/nacional/2012/1/19/108621/Gobernador-Banco-Central-dice-el-mercado-de-divisasesta-controlado-en-RD)
More... (http://www.dr1.com/index.html#1)