Juan Ariel Jiménez had already warned that the rise of the dollar was imminent

Santo Domingo.- The US dollar registered a new record in the Dominican Republic, trading between RD$63.85 and RD$64.05, surpassing its previous historical high of RD$63.25. According to figures from the Central Bank, in the last month the Dominican peso has depreciated by 4%, while in the last year the loss against the dollar reaches 6.3%. The economist and Harvard professor, Juan Ariel Jiménez, had warned since the beginning of 2025 that the currency could reach RD$65. In February, he explained that “the phenomenon responded to the restrictive monetary policy in the United States and the increase in the demand for dollars in the country”, and added: “The dollar could reach RD$65 in the coming months”. Jiménez also pointed out that the Central Bank faces a difficult paradox, since “maintaining exchange rate stability entails high economic costs, in an international context of high rates”.

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In that sense, he clarified that the depreciation “is a consequence of the high interest rates in the United States” and does not reflect internal problems, and pointed out that the average rate projected by the Central Bank for 2026, of RD$63.79, has already been reached this month.