Dominican Republic sells dollars to support peso

Banco Central de la República Dominicana

The Central Bank of the Dominican Republic used its international reserves on September 16 to shore up its depreciating currency,

The central bank injected $100 million into the foreign exchange market following the steady decline of the Dominican peso since the start of the year. The central bank said it has a total of $7.7 billion in international reserves remaining.

The currency has fallen 2% over the last eight months, the central bank said in its statement. The depreciation has been lower

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