Nope, Republica Dominica es libre de toda potencia extranjera o se hunde la isla...
Juan Pablo Duarte.
JJ
Nope, Republica Dominica es libre de toda potencia extranjera o se hunde la isla...
Juan Pablo Duarte.
JJ
It's underway already like it or not!
The question should be more in the lines of what should the DR goals and aim be in view of this development, both short and mid to the long term in the CA union?
The currency is a need in order to facilitate trade and investment with security regardless of the rise and fall of a single economy's currency to the USD$. Another is that each nation can avail assets that are not based on foreign currency like the USD$ to finance their own development with the help of the stronger economies in the Union. This requires a strong set of policies in regards to public and foreign debt thresholds, banking regulations and overseeing from external auditors when called upon.
Can it be done? Frankly there's little to halt the integration of the CA economies into a single block, in face of the mounting interests in common fronts that afflict the region.
All in all the DR is the largest economy and the one with the most to risk, but at the same time the one with the most to win based on the same market indulgence.
The question of the hour is how long will it take for the DR to take the lead role in the integration panel?
To be honest I don't think that the US would be happy that countries in the vecinity would come up with a new currency, most business dealings are done in US$.
Those of you that don't understand Spanish, good luck understanding the videos. lol
Centroamérica y República Dominicana
Part 1. Centroamérica y República Dominicana(1/4) - YouTube
2. Centroamérica y República Dominicana(2/4) - YouTube
3. Centroamérica y República Dominicana(3/4) - YouTube
4. Centroamérica y República Dominicana(4/4) - YouTube
Parlacen y Manolo Pichardo (current president of PARLACEN and first Dominican to had been voted into that position)
Parlacen y Manolo Pichardo - YouTube
Last edited by NALs; 02-03-2012 at 06:56 PM.
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I thought they were already unified????
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I expect little to change the least of which will be the DR getting a different currency.
Why do I say this? Well look at the Euro and all the challenges it has to do with with failed states dragging it down. Even given all of Europe's supposed more efficient and less corrupt governments that LA I doubt the Euro will last 10 years so how long would a CA currency last??? For those who doubt how long do you think the German public go financing the indiscretions of the Greek and Spanish lawmakers? It won't last forever - another crisis like the last one and Germany will bail imo.
Great Britain saw this coming and never changed their currency nor ever will. If the DR doesn't learn from this it will at some point. I expect most of this fanciful posturing and pontificating is just a way to look for big contracts to fill somebodies pockets at the expense of the poor of his country, nothing more. Poca realista.
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