Local November 14, 2012 - 4:38 pm

Central banker’s assertion reveals ex President’s US$950.0M blunder

Santo Domingo.- During Leonel Fernandez’s last administration, only RD$11 billion were injected to Dominican Republic’s Central Bank, and not the $49 billion which the former President cited in his speech Tuesday night, for a blunder of US$950.0 million

Central banker Hector Valdez Albizu himself made the revelation, noting that “Fernandez probably referred to the total injected in his eight years in office, because this year’s reality is another."

"I imagine what he did was to add the eight years," the official said when pressed by journalists.

Valdez spoke after a National Palace meeting with president Danilo Medina, cabinet officials, and a delegation of the International Monetary Fund.

COVID-19

October 3, 2024 - 11:44 am

Former Health Minister Wilfredo Hidalgo accused of embezzling over 300 million pesos

October 2, 2024 - 6:54 pm

3rd Latin American Digital Health Congress gains strong public and private support

September 29, 2024 - 11:31 am

Warning of health damage from the synthetic drug “pink cocaine”

September 28, 2024 - 9:00 am

Public Health reports a decrease in the incidence of diseases

MOST READ

Bavaro & Punta Cana

Tourist apartments seen as ‘unfair competition’ for hotels in the Dominican Republic

Local

In 2027, construction of submarine cable for electrical connection between Dominican Republic and Puerto Rico will begin

Tourism

Collado predicts Dominican Republic’s star role at Africa-Americas Tourism Summit

Economy

Looking for a job? The U.S. Embassy has job openings

MORE NEWS

Tourism

Gastronomic offer, key to promoting and diversifying tourism in the Dominican Republic

Local

Haitian leader says measures against illegals “a blessing” to bad practices

Local

If they repatriate 10,000 Haitians a week, who would sell the fruits and build the houses in the DR?

Economy

Open Skies agreement seen as a major catalyst for aviation and tourism growth