In the country there is no shortage of dollarsbut a limitation in transactions to the public. This is a recurring situation every year, especially when the economy begins to stabilize after the high expense during the December festivities, which raises the demand above the offer.
Through a tour of different entities financial The complaint of business associations about the low availability of dollars In the market local. In most branches visited, access to information about the sale Currency was conditioned to be a bank’s client.
“I’m going to confirm if there is” or “I can only change up to 1,000 dollars by little flow and fluctuations of the rate “are some of the responses of the ATMs of multiple banks and associations on the availability of the currency for the sale.
He guy of change Average between multiple banks and savings associations and loans stood at 62.25 pesos per dollar yesterday. However, when consulting the sale of the currency foreigner, the limits varied according to the entity: some allowed a maximum of 1,000 dollars By client per day, while others authorized transactions up to 5,000 dollars.
In two of the visits it was found that there was no dollars For the sale. The Caja manager explained that he did not have the currency and that the replacement process requested the Central Bank, so it did not have a specific date in which the currency United States.
The sector of the Agents of change It also reflected similar restrictions. In various points of sale Little dynamism was recorded.
Why does it happen?
According to the president of the Dominican Association of Exchange Intermediaries (Adocamous), Clarisa Martínez, the reason why between December and January demand of dollars It is greater than the offer is due to international factors. In fact, he explained that the country depends largely on imports, so it is necessary to convert pesos into dollars.
“At this time this generally happens because the payment terms of the end of the year are being fulfilled. You know that importers have a deadline and, when they expires, they must pay, which increases the demand of dollars“He said.
There is also the factor of States Joined: the inflation And the economic growth of that country has a significant impact on the economy localsince it is a key trade partner.
Among the aspects to consider, Adocamous also pointed out the depreciation of the currency localwhich forces entities financial to deliver more dollars For less pesos.
Although in the country the inflation It has remained controlled, in international economies the same has not happened. This has also impacted oil prices and other essential products for the production of goods and services.
