Abinader attributes Peso depreciation to global factors

Santo Domingo.- President Luis Abinader cited the Central Bank’s assessment that the peso’s depreciation against the dollar is driven by global economic trends strengthening the U.S. currency. While he did not provide further details, he assured that the Central Bank would intervene at the right time if necessary.

The dollar has been rising for months, reaching 62.99 pesos per sale on Monday. Abinader expressed confidence that the increase will eventually subside, emphasizing that the economy remains stable despite its slow pace.

He noted that the country continues to generate dollars through exports, tourism, remittances, and free trade zones, with foreign currency reserves at historically high levels.