Automated dollar sales start in March

Santo Domingo.- Central Bank treasurer Yamileth García de Kunhart on Fri. said the tests on the automated platform to sell foreign currency will begin in March, with which they expect to avoid duplicate requests for dollars and other situations that distort the foreign exchange market.

She said the distortions had forced the banks to restrict the amounts of foreign exchange transactions through the window. “After this trial period, it is expected that the platform will be in operation by midyear.

In that regard, Central Bank deputy manager Frank Montaño said the banks have looked for mechanisms to thwart atypical exchange operations by limiting some dollar sales.

Some bank customers have sated concern over financial institutions that are selling a maximum of 2,000 dollars per day per window.

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