Quote:
Originally Posted by ExtremeR
The short term solution that I could see is the CB loosening their regulations, specially lowering the interest rates to stimulate consumers to buy more and get the local economy going again. That of course could bring a destabilization in the exchange rate, but having in mind that December is around the corner and in that month historically there is lot of dollars being infused to the Dominican economy balancing the payments balance a little.
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Interesting post, ExtremeR. It would appear, from this article in Clave Digital, that Banco Central is not getting the reaction it had hoped to its 3 and 5 year certificados, which tells you something about confidence levels.
CLAVE digital - PUBLICIDAD
I would agree that normally each December sees an influx of dollars but with concerns about security held by some expat Dominicans
ATERRORIZA EN NEW YORK INSEGURIDAD Y DELINCUENCIA EXISTE EN PUERTO PLATA
one wonders whether this will effect the influx this year? This is also about confidence levels but on a different theme.