Dominican Republic’s International reserves up, D.R. Central Bank reports

The Central Bank of the Dominican Republic reports that on 31 July 2013 its net international reserves closed at US $3.45 billion, or US$436 million more and up 14.44% compared to January of this year.

The Central Bank points out that the reserves are at a level that the Dominican monetary authorities can guarantee stability in the payment system.

Santo Domingo’s Central Bank points out their reserves are at a level that the Dominican monetary authorities can guarantee stability in the payment system.

Statistics for the first seven months of the year show the exchange rate averaged RD $41.23.

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