Dominican Republic sells dollars to support peso
Dominican currency has been one of the stronger performers in the region
The Central Bank of the Dominican Republic used its international reserves to shore up its depreciating currency on September 16.
It 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 by 2% over the last eight months, it said in a statement.
The depreciation has been lower than the 3% observed in
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