Currency through online marketplaces
Foreign currency, designed the market behaviour, in particular over the past four months, the focus of economic actors. Discuss the first variable is the gap between supply and demand for dollars.
Bissau is weighted against the dollar, over the past 12 months Dominican in the amount of $45.66 down RD RD $2,63%. This means that an absolute change and RD $1.20, CA.
Monetary authorities as your inflation target in the Gulf region, part of a plan for a greater degree of transparency in the market to buy and sell foreign currency for measurements.
Governor of the Central Bank (BC), Devil Watch · Waerdiziaerweisu, treatment of commercial banks (ABA), Director General of the Association. Almost a consensus needed to guarantee the stability of the market.
What I don't I proposed? BC started right now to improve the effectiveness of the platform on the currency tender and transparent operation of the market, the surgery requires financial intermediaries to cooperate.
The foreign exchange market, focusing on economic issues, especially those with production services, contact behavior between supply and demand is ABA, including President José · Manual · López · Valdez, as well as representatives from other members and between monetary authorities on a topic of conversation: Ignacio · War, Steven · Puig, mark Silverman, Robert • Weilianmusihesai Demoya Cuesta, Faust • Pimentel and Vidal. Gustavo · Trevor Ariza and Rafael Melo made a savings and loan Association of the Dominican Republic (Lidap).
Generating Exchange established to provide. Total is $24.3 trillion in the year 2016, closed and international reserves and 6.0474 billion dollars, a record gross and netting 6.0467 billion dollars in the United States, the equivalent of 3.9 months of imports.
President of the people's Bank in this country understand the fact that some companies have large private financial institutions, seeking the dollar isn't a number of positive factors have less positive. "The first thing I guarantee that there is no more money than ever on the market," said last week in a meeting with representatives of the media, manuals. R. Grullon
He believed that this pointer must be analyzed, as exports, remittances and the project of free zones, it seems to me more money than ever. It means that this argument is based on two factors: because the analysis to determine whether it is temporary or permanent, the second factor cannot be excluded, is a fictitious request for increased demand.
"We sell more money into the financial system than ever before. Where is the problem? The question is very simple: the increased demand is slightly larger. It's not about digital dollars or something like that (style). Is a bit more, it has become more dollar offer. However, I would like to delete, the Dominican economy, including remittances, tourism, export processing zone, export and export (...) Love and international bankers expressed our stressed that he remembers the agricultural sector while he suffered last year, encourages less return.»
Gurung, to ensure that economic growth is real, pointer from foreign investors and the international financial system. He said the economy of the Dominican Republic "all right."
Allows only banco popolare said there's one dollar coin to buy customers and sell them to those in need. He said that it is now more important is to balance supply and demand, as a mechanism to achieve this goal and has been used.
"I would like to believe, that this temporary difference should be correct and this needs to be corrected." Placing on the market of $100 billion, but it must be millions, more than a month $150 to $50 million the lack of United States and another will be 50 next month, so your missing ", applies.
Gurung said: it is so good to calculate (because he knows where she is to increase the growth of the market of buying agents $ really) do not need.
To appreciate "if everyone here has more quotations must push up exchange rates, and we think that, in the month of March, in New York or elsewhere, can be $ to buy what you need before you press the market unnecessarily."
According to the Central Bank, currency trading transparent platform View Grullon, which markets can compromise the future, sell, currency of Dominican pressure simply to issue certificates to those who want to withdraw dollars from the market. It is assumed that a certain date this request, undertake, he said.
Even if it does not exist or is not implemented in the financial sector, says Grullon used and now the banks are working on a mechanism to support the balance of the foreign exchange market. In his view, uncertainty is known, "it costs me a lot." "
Assume that you want to manage on demand, because the proposal well. She always said, because they want to inject large amounts of dollars and companies to promote foreign investment.
Governor of people's Bank said: "money transfers are transfers and cannot send more money in the world," but by investors for more capital. Another possibility is to help exporters in Dominican Republic.
"We have a healthy growing economy or metabolism. Is a business, or even to some extent, the brakes, so that he could develop more a small brake, because if the left is off, then you have another problem, such as the rate of inflation or, worse yet, can the interest would be disastrous for everyone, including the banking House, "he said.
He remembered, stated on other occasions, to do a better job and low interest rates, banks, because the recovery rate is the biggest loan. He said: the increase in interest rates should calculate how the portfolio quality will suffer.
During the meeting with leaders of the ABA and Lidap, Waerdiziaerweisu concentrated in the financial sector of the economy, noted that financial intermediation is the world's fastest growing in 2016, with the mining sector (26.5%), agricultural growth was 11% (9.6%) And construction (8.8%) Contribution.
He pointed out that in the last decade of positive financial sector demonstrated behavior adapted the rules in 2003, allowing you to avoid in 2009, at the international level and show the High solubility of large and surge sensitive, the crisis after dubious claims and real high, very lucrative, two actions must be low.
Employment negotiations announced the housing shortage, a financial reserve according to the Central Bank, to private and public North RD, public confidence that the economy makes it easier, as well as housing, which helps reduce the cost of $22 billion.
Declared the province of Herrera and Saint-Domingue (AEIH) at industrial enterprises next monetary authorities more dollar shortage in the market and the financial system.
The company's President, Antonio Guzman of the rifle, he repeated that entrepreneurs still have trouble to get the money they need for their international commitments, such as invoices and inventory lists.
"We don't know what to do is the amount of money received $24.3 billion last year, with absolute economy and sales of $1.6 billion, rationing," reflects business leaders.
According to him, is now able to complete the National Bank and exchange market normally or dollars to fulfill international obligations.
"Our company seriously with international suppliers, why don't we see the dollar to fulfill our commitments," he said.
He asked the Bank to the effect that the economy generated give a $6 billion, enough foreign currency commitments as a State and he and lack of reserves, or which produced a declaration.
He explained that the Central Bank, monetary and fiscal policy, as President, does not want to continue, he must take the necessary measures, while the financial system has an obligation to give a convincing explanation.
