Central bank's ex-chief defends ex-Dominican pres

The Dominican central bank's ex-chief has defended ex-president Hipolito Mejia's actions regarding the payment to several depositors during the liquidation of the collapsed Intercontinental Bank, Dominican Today reported.

Jose Lois Malkun was quoted as saying the liquidations were made based on the Monetary Board's decision, and "for that reason it was an institutional decision" because the country's payment capacity was at stake."

"I do not regret the liquidations of the Intercontinental Bank

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