Jesús Geraldo Martínez
Economist Jesús Geraldo Martínez considered that the recent placement of sovereign bonds, together with a lower corporate demand for dollars, has generated a favorable scenario for strengthening the Dominican peso.
According to Martínez, confidence in the local economy remains solid, contributing to the national currency’s stability.
In a series of messages published on his X account, the specialist highlighted that the Central Bank has withdrawn more than RD$47 billion from the financial system by issuing bonds with interest rates between 11.83% and 11.99%. He affirms that this measure has reduced liquidity in the market and has had a direct effect on strengthening the exchange rate while prioritizing exchange stability.
Martinez anticipated that April would increase the demand for pesos due to payments related to income tax (ISR), which would alleviate pressure on the dollar and further favor the local currency.
In this sense, the economist projected that the Dominican peso’s strengthening trend will continue in the coming weeks, pointing to an appreciation against the US dollar.
