In the middle of the exchange volatility and the dollar risethe Dominican economic authorities met with leaders of the financial sector to review the performance of the economy and reinforce macroeconomic stability.
“In a context like the current one, High uncertaintyand in an international and complex international environment, it is important drive prudence to preserve stability and strengthen the confidence of investors and external and internal economic agents, ”said the governor of the Central BankHéctor Valdez Albizu, according to a press release.
About the recent ones exchange rate movementswhich exceeds 64 pesos for a dollarthe governor said there is no Macroeconomic elements that explain volatility, beyond the seasonal effect of September for the purchase of inventories before the end of the year sales.
He assured that Currency generating activities have maintained their dynamism, projecting income for more than 46,160 million dollars For the closure of 2025. It is also expected that foreign direct investment (FDI) reach 4,860 million dollars, covering the projected current account deficit.
As a reference, he indicated that the General State Budget 2025 Contemplate a average exchange rate 63.11 pesos per dollar. Until August, the average observed was 61.20 pesos, within the Budget forecasts.
However, the acceleration in depreciation recorded by the Dominican weight against the American currency, which only during the last month was 4 %, led the government to review the projection of the projection of the exchange rate average for 2026, of 65.50 pesos for each dollarwhich implies an increase of 1.71 pesos compared to the penultimate projection he had made in June, which placed it at 63.79 pesos for one.
- The meeting was attended by Minister of Finance and EconomyMagín Díaz, and the Banks SuperintendentAlejandro Fernández, together with the presidents of the main financial entities of the country.
- The objective was to review the behavior of the national economy, share the positive results of the sector and establish a Collaboration dialog to face the challenges of the international environment.
Valdez Albizu said the forecasts point to a gradual recovery of the economy During the rest of the year, with a estimated 3.0 % In 2025. “The rhythm of economic expansion can be accelerated more to the extent that an important dynamization of public investment is materialized and the spaces are available to continue flexible monetary conditions,” he added.
The governor also reported that this Thursday the Monetary Board will know the Modification of the exchange regulationwho was in Public consultation For 30 days.
Behavior of the interest rates
As for interest rateshighlighted the registered reductions After the liquidity measures implemented in May.
Indicated that the Interbank Rate From multiple banks, it fell from 13.19 to 8.59 %, the passive rate of 9.63 to 7.51 %, and the active rate from 14.99 to 14.19 %.
Said that the financial sector ” Keep robustcapitalized and with high profitability ”.
In July, the Profitability on heritage (ROE) stood at 21.80 % and on assets (roa) in 2.61 %, while delinquency was 1.9 % in June.
He solvency index reached 18.39 %, well above the 10 %regulatory.
Authorities and Executive Positions
During the meeting, Minister Magín Díaz reaffirmed “the Determination of the Dominican Government in fighting the deceleration and Promote the economyusing an absolute coordination of economic, monetary and fiscal policies, as well as implementing items Increase in public investment”
Superintendent Alejandro Fernández expressed his conviction that “with the monetary measures implemented, the interest rates They have begun to reduce what will affect positively in the reactivation of the private sector credit, which indispensable for economic growth. ”
From the financial sector, Christopher Paniagua, executive president of Banco Popular, said the Banking system disposition to support the efforts of the monetary authorities in maintaining the stability of the country in the monetary, economic, fiscal and exchange rate.
Luis Molina Achécar, president of the BHD Financial Center, also expressed his commitment to Find solutionsas well as search and Study ideas together, aimed at reaching Future challenges.
- The meeting was attended by senior officials of the Central Bankincluding the Vice Governor Clarissa de la Rochahe Ervin Novas Managerand several sub -foresters and technical advisors. Executives of the Reserve Banks, BHD, Santa Cruz, Citibank, Vimenca, López de Haro, BDI, Caribbean, Banesco, Ademi, Scotiabank, Promérica, JMMB Bank, Lafise and Qik also attended executives.
