Dominican Republic sells dollars to support peso

Dominican currency has been one of the stronger performers in the region

Santo Domingo - Getty
Santo Domingo, Dominican Republic

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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