US Dollar rates this Friday in the Dominican Republic
Santo Domingo – The Central Bank of the Dominican Republic announced the exchange rates of the U.S. dollar for purchase and sale, which will serve as a reference for the institution’s operations until this Friday, September 13, 2024.
According to a press release, the purchase rate was RD$59.8588 per dollar, while the sale rate was RD$60.0467.
“These rates are the weighted average of spot market transactions (cash, transfers and checks) for today and exclude operations in the financial derivatives market,” the document reads.
The Central Bank also reported that, according to the Eleventh Resolution of the Monetary Board dated August 14, 2003, the exchange rate to be used for the daily revaluation of assets and liabilities in foreign currency will be the spot mentioned above market purchase rate.
What the fuck does that mean?