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September 8, 2022
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Hebrard warns about low dollar rate

Ucrania deprecia un 25 por ciento su moneda frente al dólar estadounidense    

The drop in the rate of the dollar could subtract certain competitiveness in terms of tourism, free zone and investments, warned Henri Hebrard yesterday.

Participating in the Weekly Lunch of the Corripio Communications Group, the economist specified that inflation in dollars in the Dominican Republic is already 17 percent, being the highest in the entire region.

All this indicates that we are entering a zone of turbulence at the international level, where it is very important to ensure the level of competitiveness at a time when multinational groups are deciding where to make their new investments”, Hebrard added.

If the exchange issue deepens, it could imply the loss of a series of investments, insisted the expert in economic matters.

According to what was explained, it is a sensitive aspect “because the positive situation we have is due more to the previous months than to the coming ones”.

He said that in the month of July, the number of tourists from the United States fell by 10 percent compared to the same month last year.

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