Avoid unregulated moneychangers, Association warns

Santo Domingo.- The Dominican Exchange Intermediaries Association (Adocambio) on Mon. said the authorities must take actions to eliminate informal exchange by the so-called exchange houses “which act outside the law and are usually involved in public scandals, creating confusion in consumers and affecting the good image of entities subject to supervision.”

Adocambio president Carlos A. Pla, said the only regulated exchange intermediation entities are the agents of change, not the “exchange houses” or “casacambistas” as they are commonly referred, “those who exercise, informally, the exchange of foreign currencies.”

He urged the economic sectors and the population to exclusively use their regulated services and avoid participating in what he labeled as irregular “exchange house” businesses.

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