Abinader assures Central Bank acts to stabilize the dollar and protect the economy

Santo Domingo. – President Luis Abinader affirmed this Monday that the Central Bank of the Dominican Republic is taking measures to stabilize the exchange rate and guarantee the protection of the national economy. During his weekly meeting with the press, the president recalled that the projection of the exchange rate for this year was estimated at an average of RD$63 per dollar, a figure that is currently maintained.

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“We are at the average, I don’t think it will move much more. There is an abundance of dollars in the economy: we have more foreign currency from tourism, from free zones, from remittances…”, he expressed. Abinader added that, as it has historically done, the Central Bank will intervene if it detects movements that do not correspond to the economic reality of the country. “I think it is already acting,” he pointed out. In that same vein, the Head of State highlighted that, although monetary policy falls under the Central Bank, an independent body, the Government and the Ministry of Finance are implementing fiscal measures that, along with monetary actions, seek to boost the reactivation of the Dominican economy.