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Dominican government highlights dollar stability and peso strength

Santo Domingo, April 24 (Prensa Latina) The Dominican government highlighted the stability of the foreign exchange market, after the Central Bank reported that the exchange rate was 59.23 pesos for buying and 59.86 pesos for selling.

Authorities stated that this performance shows the strength of the country’s macroeconomic fundamentals, despite an international context marked by volatility in financial markets.

They also extoled that the accumulated appreciation of the peso vs the US dollar, exceeding 5.0 percent, is driven by the dynamism of sectors that generate foreign exchange, such as tourism, exports, and remittances.

The government emphasized that monetary and exchange rate policy has been managed prudently, guaranteeing sufficient liquidity in the market and price stability.

It also assured that it is monitoring the global environment to preserve economic equilibrium and the confidence of economic actors.

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